Bitcoin could be worth $644,000 in “equivalent value” by 2028, half the value of gold, analysts say. Gold reached a record high of $4,000 per ounce, outperforming Bitcoin this year. Young investors prefer Bitcoin as a store of value over gold, driving its price up.

Analyst Jordi Visser believes younger generations’ dissatisfaction with the financial system could boost Bitcoin’s price. Veteran trader Peter Brandt thinks gold could go even higher, despite already hitting record highs. Bitcoin reached a new peak of $126,000, but still needs to reach $148,000 to match its record high in gold.

Bitcoin’s fair value floor has risen to $1.34 million due to gold’s rise. Peter Schiff believes it’s too early to get excited about Bitcoin’s rally until it reaches a new high in gold. Bitcoin is expected to see “one more big thrust” to $150,000, while Ethereum faces pressure.

Read more at Cointelegraph.com

Bitcoin reaches new all-time high of $68,000 as investors flock to cryptocurrency. Market analysts predict continued growth due to increased interest from institutional investors. Ethereum also sees price surge, hitting $4,800. Experts advise caution as volatility remains a factor in the crypto market.

In other news, NFT sales hit $10 billion in 2021, marking a significant milestone for the digital art market. The popularity of NFTs continues to rise, with artists and collectors embracing the technology. Industry experts predict continued growth and innovation in the NFT space in the coming year.

El Salvador becomes the first country to adopt Bitcoin as legal tender, sparking debate among economists and policymakers. The move is seen as a bold experiment in cryptocurrency adoption on a national scale. President Nayib Bukele touts the benefits of Bitcoin for financial inclusion and economic growth in the country.: Bitcoin Worth Half of Gold by 2028 Halving: Analyst