Bitcoin price slightly dropped, Vaneck sees an increase to half the gold value

The Bitcoin price fell over the past 24 hours with a fraction of one percent and recorded EST at $ 123.748 at 4:29 am, while Vaneck says that at the next halving, which is planned for 2028, half could be worth gold.

According to Mathew Sigel, head of research into digital assets at Vaneck, “We said that Bitcoin should reach half of the market capitalization of gold after the next halving.”

Bitcoin would bring the recent increase in gold price to an “equivalent value” of $ 644,000.

The capacity of the king of cryptocurrencies has long been compared to that of gold. Nevertheless, this year, gold has performed better this year than BTC, with an increase of 50% in the midst of increasing uncertainty about political developments.

However, according to Sigel, younger investors prefer Bitcoin as a value storage agent.

“About half of the value of gold reflects their use as a value storage instead of the demand for industrial products or jewelry, and studies show that younger consumers in emerging markets are increasingly preferable to Bitcoin for that role,” he said.

We said that after the next halving, Bitcoin should reach half of the market capitalization of gold. Roughly half the value of gold reflects its use as a value storage rather than the demand for industrial products or jewelry, and studies show that younger consumers in emerging markets increasingly prefer Bitcoin …

– Matthew Sigel, Recovering CFA (@Matthew_Sigel) October 7, 2025

Institutions focus on Bitcoin while ETF’s record heights reach

Sigel’s prediction is amid a strong interest in the US -based spot Bitcoin ETFs (funds traded on the stock exchange). These products saw a $ 1.18 billion inflow yesterday in one day, the second largest ever, which coincided with the breakthrough of Bitcoin to a new record of all time.

The total of October ETF inflow Now stand at around $ 3.47 billion over just four trading days.

Between that time, the BlackRock Ishares Bitcoin Trust (IBIT) dominated the rise and attracted around $ 970 million in new capital. Since their debut, Bitcoin ETFs have gathered a total inflow of around $ 60 billion, which underlines the growing institutional trust.

Bitcoin ETFs have raised ~ ~ ~ ~ billion dollars since the launch pic.twitter.com/uyjkhm5f8y

– James Seyffart (@jseyff) October 6, 2025

BTC rose to a new ATH on Monday, but is now 2% lower. Can the price recover and rise to the levels predicted by Sigel?

Bitcoin price promotion shows Bullish continuation within the rising channel

The BTC prize On the 3-day Chart, a strong bullish structure shows that lasted during 2024 and at the end of 2025.

The price action of Bitcoin moves within an increasing channel pattern, characterized by higher highlights and higher lows, which is a signal of an upward trend.

After a short period of consolidation around $ 90,000- $ 100,000, recovered buyers control, so that the price of Bitcoin again rose above both 50 and the 200 Simple Moving Averages (SMAs) on the 3-day graph.

The 50 SMA (about $ 112,000) currently acts as dynamic support, while the 200 SMA (almost $ 85,000) remains well below, which confirms the power of the Bullish Momentum in the long term.

According to the graph, the former resistors have now been changed to solid support levels, especially around $ 100,000.

Every withdrawal into these zones was accompanied by renewed purchasing pressure, which indicates that the institutional demand continues to support the market.

BTC momentum indicators indicate signal strength, but warn of cooling in the short term

The momentum indicators on the graph further reinforce the bullish sentiment, although they point to the possibility of consolidation in the short term.

The Relative Strength Index (RSI) is around 61, comfortable above the neutral 50, but still under the overbought threshold of 70. This suggests that, although the purchasing pressure remains dominant, there is room for a continuation higher or a short break before the next outbreak.

In the meantime, the Moving Average Convergence Divergence (MACD)-indicator presents a similar encouraging image.

The blue MacD line is crossed above the orange signal line and the histogram shows a positive momentum, a bullish crossover that often precedes the phases of price expansion.

If the channel structure maintains, the BTC price could rise to $ 135,000 $ 140,000 in the coming weeks, provided that the support remains above $ 112,000.

However, a decisive breakthrough below that level could open the door for a deeper correction towards $ 100,000 before buyers intervene again.

Related News:

Best Wallet – Diversity your Cryptoportfolio

• Easy to use, function-driven crypto wallet
• Get early access to upcoming token-ac’s
• Multi-chain, multi-wallet, non-conscious
• Now in the App Store, Google Play
• Commitment to earn native token $ best
• 250,000+ monthly active users