VanEck has projected that Bitcoin could capture half of gold's $26 trillion market capitalization, potentially driving its price to approximately $644,000 per Bitcoin. This forecast, reported by Coinotag, suggests a significant appreciation from Bitcoin's current market cap of $2.48 trillion, requiring a 5.6x increase. Analysts believe this scenario could unfold over the next 5 to 15 years, influenced by factors such as adoption, Layer-2 scaling solutions, and institutional investment flows.
The timeline for Bitcoin to achieve this market cap is estimated to be between 5 and 15 years, with key influences including Bitcoin's halving events, macroeconomic conditions, and advancements in Layer-2 technologies. While the projection is ambitious, it highlights the potential for Bitcoin to grow significantly as it gains traction as a store of value akin to gold.
VanEck Predicts Bitcoin Could Reach $644,000, Capturing Half of Gold's Market Cap
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