✉news BusinessCrypto first seen 8 h ago, last 1 h ago, peak #11
VanEck Forecast: Bitcoin Could Hit $500,000
Original: VanEck Sees Bitcoin Reaching $500,000 As Gold Benchmark Supports Long-Term Upside Case
Asset manager VanEck says Bitcoin could reach $500,000, basing its long-term price target on a comparison with gold's market value. The firm argues that if Bitcoin captures a share of gold's role as a store of value, substantial upside remains despite recent market volatility. The projection is drawing attention from crypto investors and skeptics alike, with debate over whether such a benchmark is a valid basis for valuing a digital asset.
Why now: A major asset manager has published an unusually high Bitcoin price target, fueling market debate.
Rank over time, top of the chart is #1. 4 snapshots from 8 h ago to 1 h ago.
Evidence
- VanEck Sees Bitcoin Reaching $500,000 As Gold Benchmark Supports Long-Term Upside Case · Yahoo Finance
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