PANews reported on October 7th that Matthew Sigel, head of digital asset research at VanEck, stated in an article on the X platform that Bitcoin's market capitalization should reach half that of gold after the next halving. This roughly half of gold's value reflects its use as a store of value, rather than industrial or jewelry demand. Surveys show that young consumers in emerging markets are increasingly choosing Bitcoin to fulfill this role. Based on current record gold prices, this translates to an equivalent price of $644,000 per BTC.