Bitcoin
price (BTC)
continues its historic rally, setting a fresh all-time high at $126,200 on
Monday before pulling back slightly to trade around $124,500 on Tuesday,
October 7, 2025. The cryptocurrency has surged nearly $20,000 in just
two weeks, yet Matthew Sigel from VanEck, who accurately predicted Bitcoin’s
2025 peak, now suggests the digital asset could reach an “equivalent
value” of $644,000 by the next halving in 2028.
This bold
prediction comes as gold prices hit record highs near $4,000 per ounce,
creating a new benchmark for Bitcoin’s potential market capitalization if it
captures half of gold’s store-of-value demand.
In this
article, I am checking the current Bitcoin price today, analyzing the BTC/USDT
technical chart and reviewing the most up to date BTC price forecasts.
Bitcoin’s
price action on Monday, October 6, 2025, saw the cryptocurrency break through
previous resistance levels to
establish a new all-time high at $126,200. This marked the fifth
consecutive session of gains for the world’s largest cryptocurrency by market
capitalization.
As of today
morning (Tuesday), Bitcoin trades at approximately $124,000, representing
a modest 0.7% pullback from the peak. The cryptocurrency has demonstrated
remarkable strength throughout October, gaining over 10% month-to-date and
continuing the historical “Uptober” pattern of strong Q4 performance.
Bitcoin price today. Source: Tradingview.com
Year-over-year
gains remain spectacular, with Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term appreciating 100% from $62,000
twelve months ago. This doubling in value reflects the profound transformation
in institutional adoption and regulatory clarity that has characterized 2025’s
market cycle.
“As was widely expected in Q4, a new all-time-high (ATH) was
set for BTC, buoyed by the prospect of US stimulus, seeing prices rally 10%
the past 9 days,” Paul Howard, the Director at Wincent, commented for FinanceMagnates.com.
VanEck’s $644K Bitcoin
Price Prediction Explained
Matthew
Sigel, head of digital assets research at VanEck, unveiled his latest Bitcoin
forecast on Monday, tying it directly to gold’s historic rally. His thesis
centers on a generational shift in store-of-value preferences among
younger investors, particularly in emerging markets.
“We’ve
been saying Bitcoin should reach half of gold’s market cap after the next
halving
Halving
Halving represents a phenomenon when crypto mining rewards are cut in half. Cryptocurrency networks that run on Proof-of-Work (PoW) algorithms require the computers (nodes) that uphold them to solve complex equations that are used to confirm transactions. This process is known as mining. In exchange for their work, these nodes are given rewards in the form of the crypto token that belongs to that particular network. For example, on the Bitcoin network, halving happens regularly at preset interva
Halving represents a phenomenon when crypto mining rewards are cut in half. Cryptocurrency networks that run on Proof-of-Work (PoW) algorithms require the computers (nodes) that uphold them to solve complex equations that are used to confirm transactions. This process is known as mining. In exchange for their work, these nodes are given rewards in the form of the crypto token that belongs to that particular network. For example, on the Bitcoin network, halving happens regularly at preset interva
Read this Term,” Sigel explained in his X post. “Roughly half of gold’s
value reflects its use as a store of value rather than industrial or jewelry
demand, and surveys show younger consumers in emerging markets increasingly
prefer Bitcoin for that role”.
We’ve been saying Bitcoin should reach half of gold’s market cap after the next halving. Roughly half of gold’s value reflects its use as a store of value rather than industrial or jewelry demand, and surveys show younger consumers in emerging markets increasingly prefer…