According to an executive from VanEck, there is a possibility that Bitcoin’s market capitalization could reach approximately half of that of gold following the next halving event. This significant shift could potentially lead to Bitcoin’s price soaring to around $644,000. The implications of such a price increase are noteworthy, as it would not only reflect the growing acceptance and value of Bitcoin but also its potential to rival traditional assets like gold. The upcoming halving is anticipated to play a crucial role in this potential market transformation, as it historically influences Bitcoin’s supply and demand dynamics. Investors and market analysts are closely monitoring these developments, as they could reshape the landscape of digital and traditional currencies alike.
