VanEck has slapped a $500,000 price target on BTC, based on comparing its market cap to gold’s. There’s still more than a tenfold gap.
The macro logic checks out: gold is worth over $20 trillion, while BTC is barely above $2 trillion. Even a tiny shift in institutional allocations could send BTC up several multiples.
But a word of caution: treat targets like this as food for thought, not as a signal to buy. The people making big promises last cycle have long since gone quiet. If BTC really hits $500,000, gold would have to be worth less than copper first. 🎯
$BTC #VanEck #Bitcoin
The macro logic checks out: gold is worth over $20 trillion, while BTC is barely above $2 trillion. Even a tiny shift in institutional allocations could send BTC up several multiples.
But a word of caution: treat targets like this as food for thought, not as a signal to buy. The people making big promises last cycle have long since gone quiet. If BTC really hits $500,000, gold would have to be worth less than copper first. 🎯
$BTC #VanEck #Bitcoin
