Bitcoin price could hit $160,000 if BTC▼$62,270.00 catches up to the valuation signal already flashing in US stocks, VanEck’s Matthew Sigel said.
The head of digital assets research at VanEck, Matthew Sigel, believes that Bitcoin price looks cheap after comparing it against gold with one of Wall Street’s favorite stock-market valuation gauges.
In a post on X, Sigel said Bitcoin could be closer to $160,000 if it caught up with the signal from the Buffett Indicator, which compares the total value of the U.S. stock market with the size of the U.S. economy.
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Bitcoin Versus Gold
Currently, the Buffett Indicator stands at about 230%, implying that the U.S. equity market is valued above two times the economy size, nearing an all-time high. Bitcoin, meanwhile, is worth roughly 17 ounces of gold.
But according to Sigel’s chart, Bitcoin would be near 35 ounces of gold if the valuation signal seen in U.S. stocks was mirrored in BTC. Given current gold prices, that would put Bitcoin price near $164,000.
Still, the chart doesn’t prove Bitcoin has to rise. It shows a relationship that worked during parts of the last cycle, then weakened in 2025, when U.S. equity valuations stayed high while the BTC-gold ratio fell.
The current prediction follows a broader Bitcoin forecast by VanEck. Earlier in May, Sigel said in a CNBC interview that VanEck expects Bitcoin to reach $1 million in about five years, which would be considered the firm’s base case while still maintaining that Bitcoin is extremely cyclical.
VanEck is more bullish on Bitcoin in the long-term perspective. In a January research note, VanEck predicted that the base case of their forecasts would put Bitcoin at $2.9 million by 2050.
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