[VanEck Executive: Bitcoin's Market Cap May Reach Half of Gold's After the Next Halving, Potential Price Around $644,000] BlockBeats News, October 7, VanEck's Head of Digital Asset Research, Matthew Sigel, stated, 'We have always believed that Bitcoin's market cap should reach approximately half of gold's after the next halving. About half of gold's value comes from its function as a store of value, rather than industrial or jewelry demand. Surveys show that young consumers in emerging markets are increasingly inclined to use Bitcoin for this purpose. Based on today's record-high gold prices, this implies an equivalent value of approximately $644,000 per Bitcoin.'