Bitcoin Price Could Hit $644K by 2028, Says VanEck Analyst
Bitcoin vs Gold – As gold prices hit an all-time high above $4,000 per ounce, fresh projections are surfacing for Bitcoin’s long-term potential — and they’re turning heads. According to Matthew Sigel, head of digital asset research at VanEck, Bitcoin could reach an “equivalent value” of $644,000 by its next halving in 2028 if it captures just half of gold’s market cap.
Sigel, who shared his outlook on X this week, emphasized that Bitcoin’s trajectory continues to mirror that of gold, particularly as younger generations shift toward digital alternatives for storing value.
“We’ve been saying Bitcoin should reach half of gold’s market cap after the next halving,” Sigel stated, adding that the metal’s recent rally provides a price benchmark that puts Bitcoin at $644,000.
Bitcoin vs Gold: The Generational Store-of-Value Divide
Crypto analysts have long drawn comparisons between Bitcoin and gold as inflation hedges and safe havens. While gold has outperformed Bitcoin so far this year — surging 50% amid geopolitical tensions, a weakening dollar, and trade uncertainty — Sigel believes young investors are reshaping the market narrative.
“Roughly half of gold’s value reflects its use as a store of value… surveys show younger consumers in emerging markets increasingly prefer Bitcoin,” he noted.
Jordi Visser echoed that sentiment, pointing to widespread dissatisfaction with the financial system as a driving force behind digital asset adoption among younger demographics.
Gold Still Has Room to Run, but Bitcoin’s Floor Is Rising
Veteran trader Peter Brandt believes gold could climb even higher before a significant correction, though he warns that FOMO buyers may need “deep pockets.”
Meanwhile, Joe Consorti, head of growth at Theya, said gold’s surge has now pushed Bitcoin’s “fair value floor” to $1.34 million — highlighting how intertwined the two assets are becoming in investor sentiment.
Despite Bitcoin’s new all-time high above $126,000, critics like Peter Schiff argue that it remains about 15% below its previous peak when measured in gold terms, pegging that milestone at $148,000.
As the countdown to the 2028 halving begins, the debate continues: will Bitcoin fulfill its digital gold narrative — or remain in gold’s shadow?
