Bitcoin to Reach Half of Gold’s Value by 2028, Says Analyst

Bitcoin’s next halving, expected in 2028, could see its value halving relative to gold, with analysts projecting that the cryptocurrency might reach an equivalent of $644,000 based on current gold prices. This optimistic outlook reflects Bitcoin’s ongoing journey toward becoming a prominent store of value, potentially rivaling precious metals like gold.

Bitcoin’s Future Value Relative to Gold

According to recent analyses, Bitcoin could be worth approximately half of gold’s market cap following its upcoming halving event in 2028. Given the recent surge in gold prices—which hit a record high of over $4,000 per ounce—analysts suggest that Bitcoin’s value could reach around $644,000 in equivalent terms. Matthew Sigel, head of digital asset research at VanEck, explained that the long-standing comparison of Bitcoin to gold remains valid, especially as gold’s record prices imply a higher valuation for Bitcoin in the future.

While gold has traditionally been regarded as a safe haven asset, it has outperformed Bitcoin this year, rising 50% amid geopolitical tensions, a weakening US dollar, and sporadic tariffs. Nonetheless, Bitcoin’s increasing appeal among younger investors as a store of value continues to bolster its prospects in the cryptocurrency markets.

Analyst Jordi Visser pointed out that younger generations perceive the current financial system as progressively worsening and are advocating for increased public spending. Such attitudes could further fuel their trust in Bitcoin as an alternative store of value, potentially driving its price higher over the longer term.

Gold’s Potential for Further Gains

Veteran trader Peter Brandt offered a cautiously optimistic outlook, suggesting that gold could continue climbing despite reaching recent peak levels. “Gold may go substantially higher before any meaningful correction,” he stated on social media, admitting that predicting the extent of such gains remains difficult.

Meanwhile, Bitcoin surged past $126,000, hitting a new all-time high, though critics like Peter Schiff argue that Bitcoin still lags behind its gold-pegged record high in dollar terms, which would require Bitcoin to reach approximately $148,000. Schiff emphasized that until Bitcoin can surpass this threshold, it remains in a bear market rally stage.

Despite the skeptics, Bitcoin’s “fair value floor” has been estimated at $1.34 million, considering the recent rise in gold prices, according to Joe Consorti of Bitcoin custodian Theya. He believes this elevates Bitcoin’s intrinsic value and future growth potential.

This article was originally published as Bitcoin to Reach Half of Gold’s Value by 2028, Says Analyst on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.