Bitcoin gold parity forecast suggests $644K value

     

Bitcoin gold parity forecast sees $644K valuation

Gold’s surge to nearly $4,000 on Monday has prompted analysts at VanEck to predict an extraordinary price level for Bitcoin before its next halving.
According to the firm, Bitcoin could be worth half as much as gold by the 2028 halving, reaching an “equivalent value” of around $644,000 if current gold prices hold.

Matthew Sigel, VanEck’s head of digital asset research, stated on X that “Bitcoin should reach half of gold’s market cap after the next halving.”
Gold futures climbed above $4,000 per ounce as investors sought safety amid global uncertainty. Sigel added that this milestone “implies an equivalent value of $644,000 per Bitcoin.”

Although Bitcoin and gold are often compared as stores of value, gold has outperformed Bitcoin this year. The yellow metal has gained nearly 50% amid geopolitical risks, a weaker US dollar, and trade tensions.

Young investors prefer Bitcoin as digital gold

Sigel noted that younger investors increasingly choose Bitcoin as their preferred store of value, replacing gold’s traditional role.
“About half of gold’s value comes from its function as a store of value, not industrial use. Surveys show that younger consumers in emerging markets favor Bitcoin for that purpose,” he said.

In June, analyst Jordi Visser added that younger generations view the financial system as deteriorating. He suggested that their push for higher government spending could further support Bitcoin’s price growth in the coming years.

Gold may continue its rally

Veteran trader Peter Brandt commented that gold’s rally may not be over yet.

“Gold may go substantially higher before any meaningful correction,” he wrote on X. “How much higher? No clue!”

He warned that investors entering the market at peak levels could face significant volatility ahead.

Meanwhile, Bitcoin also reached a record high above $126,000 on Monday. However, gold advocate Peter Schiff pointed out that Bitcoin remains about 15% below its all-time high when priced in gold.

“Bitcoin would need to rise to about $148,000 to match its record high in gold terms,” Schiff said, arguing that the current rally is still part of a broader correction phase.

Joe Consorti, head of growth at Bitcoin custodian Theya, countered this view, saying that gold’s record prices have lifted Bitcoin’s “fair value floor” to roughly $1.34 million.