{"id":89683,"date":"2025-10-07T16:27:04","date_gmt":"2025-10-07T13:27:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89683"},"modified":"2025-10-07T16:31:11","modified_gmt":"2025-10-07T13:31:11","slug":"vaneck-predicts-bitcoin-surge-to-644000-amid-gold-rally","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/vaneck-predicts-bitcoin-surge-to-644000-amid-gold-rally\/","title":{"rendered":"VanEck Predicts Bitcoin Surge to $644,000 Amid &#8216;Gold Rally&#8217;"},"content":{"rendered":"<p>A record surge in gold prices could propel the value of <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-explained-what-it-is-and-how-it-works\">Bitcoin<\/a> to $644,000 per coin, suggested VanEck&#8217;s Head of Digital Assets, Matthew Sigel.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019ve been saying Bitcoin should reach half of gold\u2019s market cap after the next halving. Roughly half of gold\u2019s value reflects its use as a store of value rather than industrial or jewelry demand, and surveys show younger consumers in emerging markets increasingly prefer Bitcoin\u2026<\/p>\n<p>\u2014 matthew sigel, recovering CFA (@matthew_sigel) <a href=\"https:\/\/twitter.com\/matthew_sigel\/status\/1975369599492174214?ref_src=twsrc%5Etfw\">October 7, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On October 7, the price of December gold futures on the New York Mercantile Exchange <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/1975358526034956665\">reached $4,000<\/a> for the first time. At the time of writing, the precious metal is trading around $3,957 per ounce, according to <a href=\"https:\/\/www.tradingview.com\/symbols\/XAUUSD\/?timeframe=5D\">TradingView<\/a>.\u00a0<\/p>\n<p>Sigel noted that after the next <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-bitcoin-halving\">halving<\/a>, Bitcoin&#8217;s market capitalization could grow to half of the total gold market value, highlighting its increasing role as a store of value.<\/p>\n<p>Bitget&#8217;s Chief Analyst, Ryan Lee, shares a similar view. In a comment to ForkLog, he stated that investors are increasingly moving away from <a href=\"https:\/\/forklog.com\/en\/news\/what-are-fiat-currencies\">fiat currencies<\/a> towards rare and state-independent assets. Bitcoin has established itself as &#8216;digital gold,&#8217; combining limited issuance, mobility, and 24\/7 accessibility.<\/p>\n<h2 class=\"wp-block-heading\">&#8220;Not a Reason for Optimism&#8221;<\/h2>\n<p>Renowned cryptocurrency critic Peter Schiff stated that <a href=\"https:\/\/forklog.com\/en\/news\/bitcoins-surge-to-126000-revitalises-retail-investors\">Bitcoin reaching<\/a> a new all-time high above $126,000 is not a reason for optimism. According to him, in terms of gold, its value is still about 15% below the record level. Until the first cryptocurrency reaches $148,000, &#8220;it&#8217;s just a rally within a bear market.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin also made a new high today, trading above $126K. But it terms of gold, it&#8217;s still about 15% below its record high. I still think it&#8217;s too early for Bitcoiners to get excited about the rally. Until Bitcoin can make a new high priced in gold, it&#8217;s just a bear market rally.<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1975338903747108962?ref_src=twsrc%5Etfw\">October 6, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Joe Consorti, Head of Development at Theya, further appreciation of the precious metal raises Bitcoin&#8217;s &#8220;fair&#8221; value to $1.34 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">With gold now at $26.7 trillion, bitcoin&#8217;s fair value floor has been lifted to $1.34 million.<\/p>\n<p>You can acquire it today at a 91% discount. <a href=\"https:\/\/t.co\/2k7wdZamz4\">https:\/\/t.co\/2k7wdZamz4<\/a><\/p>\n<p>\u2014 Joe Consorti \u26a1\ufe0f (@JoeConsorti) <a href=\"https:\/\/twitter.com\/JoeConsorti\/status\/1975370431130706231?ref_src=twsrc%5Etfw\">October 7, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Sigel noted that about half of gold&#8217;s value is determined by its function as a store of value, rather than industrial or jewelry demand. Research indicates that young consumers in emerging markets are increasingly choosing the first cryptocurrency as an alternative.<\/p>\n<p>Lee added that a structural redistribution of institutional capital is currently underway. Bitcoin&#8217;s share in investment portfolios could eventually approach gold&#8217;s historical share of 5-10%. This is evidenced by the increasing inflow of funds into spot Bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a> and the growing proportion of the coin in corporate reserves.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"410\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-afc13317162831b4-6235867207376839-1024x410.jpg\" alt=\"photo_2025-10-07_16-19-18\" class=\"wp-image-267114\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-afc13317162831b4-6235867207376839-1024x410.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-afc13317162831b4-6235867207376839-300x120.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-afc13317162831b4-6235867207376839-768x307.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-afc13317162831b4-6235867207376839.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Total net inflow of spot Bitcoin ETFs by month. Source: <a href=\"https:\/\/sosovalue.com\/ru\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>In the context of rising budget deficits, increasing government debt, and loose monetary policy, digital and physical gold are becoming key capital preservation tools, according to Lee.\u00a0<\/p>\n<p>He believes that demand for such assets from investors will remain high, and the first cryptocurrency will continue to gain popularity as a means of safeguarding savings in an era of currency devaluation.<\/p>\n<p>In September, the World Gold Council <a href=\"https:\/\/forklog.com\/en\/news\/tokenise-and-pledge\">launched<\/a> a pilot project to tokenize the precious metal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A record surge in gold prices could propel Bitcoin to $644,000 per coin, suggested VanEck&#8217;s Matthew Sigel.<\/p>\n","protected":false},"author":1,"featured_media":89684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Gold's rise could push Bitcoin to $644,000, says VanEck's Sigel.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,536,783],"class_list":["post-89683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-gold","tag-vaneck"],"aioseo_notices":[],"amp_enabled":true,"views":"210","promo_type":"1","layout_type":"1","short_excerpt":"Gold's rise could push Bitcoin to $644,000, says VanEck's Sigel.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89683"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89683\/revisions"}],"predecessor-version":[{"id":89685,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89683\/revisions\/89685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89684"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}