Overview

• Gold approached $4,000 per ounce and Bitcoin topped $126,000 to set new highs, sharpening comparisons as investors seek perceived safe stores of value.
• VanEck’s Matthew Sigel argues that Bitcoin’s potential rests on capturing part of gold’s store‑of‑value role rather than displacing its industrial or jewelry use.
• Macro forces cited across the coverage include persistent inflation, expectations of Federal Reserve rate cuts, dollar weakness, and mounting U.S. fiscal strains.
• The next Bitcoin halving in April 2028 will cut new issuance by 50%, a supply shift proponents say can amplify price moves if demand persists.
• VanEck also outlines a longer‑term path in which Bitcoin gains reserve status by 2050 with much higher valuations, presented as scenario‑based and dependent on adoption, macro conditions, and scaling progress.