VanEck targets $644,000 for Bitcoin.

Recently, the cryptocurrency market has shown a strong rebound, managing to attract the attention of investors. Bitcoin (BTC) reached a level of 123,500 dollars with a 1.5% increase on Wednesday. This rise has brought about a sense of optimism among market participants, while major altcoins have also gained value. Important digital assets such as Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Avalanche (AVAX) have seen price increases ranging from 1% to 3%.

Investors' interest has not been limited to cryptocurrencies. With increasing demand for AI-focused mining infrastructures, shares of Cipher Mining (CIFR) and Bitfarms (BITF) rose by 12%, while shares of CleanSpark (CLSK) and Hut 8 (HUT) also experienced an approximately 6% rise.

On the other hand, gold prices have exceeded 4,000 dollars, reaching a historic peak with a 50% increase since the beginning of the year. Growing budget deficits, weak bond markets, and expectations of loose monetary policy have accelerated investors' search for safe havens. Charlie Morris, Chief Investment Officer of ByteTree, noted that gold is trading in a market that is "hot but not overheated,” stating, “If deficits, money printing, and interest rate cuts are pushing gold higher, it makes no sense to expect a decline as long as these remain unchanged.” According to Morris, when gold stabilizes at a certain level, Bitcoin may come back into play.

VanEck analyst Matthew Sigel predicts that in the long run, Bitcoin could reach half of gold's market value. If this scenario occurs, the price of Bitcoin could rise up to 644,000 dollars. For investors, these levels represent critical points to consider.