VanEck's latest analysis has sparked widespread discussion in the cryptocurrency community. The company's analyst Matthew Sigel made a striking prediction: by 2028, the value of Bitcoin could soar to $644,000, a figure that is equivalent to half of the current market capitalization of gold.

This bold prediction is based on three key trends: the continued rise in global adoption rates, significant advancements in layer two network technology, and the rapid influx of institutional funds. VanEck's prediction goes further, suggesting that by 2050, Bitcoin could account for 10% of global international trade and 5% of domestic settlements, with central banks potentially investing 2.5% of their reserves in Bitcoin.

It is worth noting that although the annual increase in gold is currently 49%, surpassing Bitcoin's 31%, in the long term, Bitcoin tends to reach its price peak approximately 500 days after each halving. Some analysts believe that this cycle may extend to 5-10 years in the future, suggesting that Bitcoin's bull market could last longer.

At the same time, BlackRock CEO Larry Fink also expressed his optimism about the future of Bitcoin. He predicts that sovereign funds may allocate 2% to 5% of their assets to Bitcoin in the future and believes that Bitcoin could eventually reach a price level of $500,000 to $700,000.

As Bitcoin is increasingly seen as 'digital gold' by younger investors, its competition with the traditional gold market is gradually intensifying. Nevertheless, Bitcoin will need more time and market validation to truly challenge gold's position. In any case, these predictions highlight the immense potential and uncertainty of the encryption currency market, and investors need to carefully consider various factors when making decisions.