VanEck Sees Bitcoin Reaching Half of Gold’s Market Value—But When?

VanEck projects that Bitcoin could reach a value of $644,000 if it captures half of gold's $26 trillion market cap. Currently, Bitcoin's market cap is around $2.48 trillion, with an increase of over 12% in the past month. Although Bitcoin recently reached a high of $126,080, analysts suggest it may take 5 to 10 years to achieve this target due to slower growth trends. Additionally, gold has outperformed Bitcoin recently, leading some experts to cautiously view VanEck's thesis. With Bitcoin potentially being integrated more into global trade and increasing institutional adoption, projections include Bitcoin achieving 30 to 50% of gold's market cap in the next 10 years, with an eventual price of up to $2.9 million by 2050. However, immediate influences on its price are uncertain due to the historical patterns of market cycles and the impact of institutional investment. The long-term forecast highlights a continuing maturation of the asset class rather than short-term speculative gains.

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