PANews reported on October 7th that David Marcus, former president of PayPal and co-founder and CEO of Lightspark, posted on the X platform, "A reminder to the community: If Bitcoin were equal in value to gold, the price of one Bitcoin could reach $1.3 million. Bitcoin is already a superior store of value, and its payment utility hasn't yet been factored into its price. It's only a matter of time before its price breaks seven figures." It's reported that both gold and Bitcoin prices have recently hit record highs, likely driven by the continued US government shutdown and expectations of interest rate cuts.