Bitcoin Could Reach Half the Value of Gold by 2028

Experts are predicting that Bitcoin’s upcoming halving event in 2028 could see its value halved relative to gold. Analysis suggests Bitcoin may reach an equivalent of $644,000 based on current gold prices. This optimistic outlook reflects Bitcoin’s ongoing journey toward becoming a significant store of value similar to precious metals like gold. Analysts highlight the strong performance of both assets in 2023, with Bitcoin’s recent surge surpassing $126,000 and gold reaching record highs above $4,000 per ounce. This has fueled speculation that Bitcoin may soon rival gold’s status as a store of value, particularly among younger investors who favor cryptocurrency over traditional assets.