VanEck Ties Bitcoin’s $500,000 Target to Half of Gold’s Market Cap

VanEck’s Nov. 2 outlook links a $500,000 Bitcoin (BTC) target to the asset capturing about half of gold’s market capitalization by 2030 to 2035, a share the analysis values at roughly $14 trillion. VanEck senior researcher Mathew Sigel and his team put the target at about 5.6 times the Bitcoin price used in their analysis. They set a five- to 10-year horizon and do not require the target to be reached during the current market cycle. The team’s case rests on adoption by younger customers in emerging markets and continued accumulation by global institutions. VanEck views Bitcoin as being near the start of a bull market. Bitcoin gained more than 40% in the third quarter, outperforming the S&P 500 and gold over the same period.

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