Bitcoin could reach $1.7 million if recognized as ‘digital gold’

Jakarta, Pintu News – In the investment world, Bitcoin (BTC) is often compared to gold as a form of store of value. However, if the market truly recognizes Bitcoin (BTC) as digital gold, its price could soar to $1.7 million per coin, according to Bill Miller IV, Chief Investment Officer at Miller Value Partners.

Bitcoin Price Analysis by Bill Miller

Bill Miller IV pointed out that if Bitcoin (BTC) is considered to have a value equivalent to gold, then the market capitalization of Bitcoin (BTC) should reach the same level as gold. From this calculation, the price per Bitcoin (BTC) coin should increase by about 19 times from the current level.

Miller expressed his views after seeing gold’s recent record-high price movements, while Bitcoin (BTC) is still struggling to return to the $90,000 level. Nonetheless, Miller emphasized that the lack of correlation between gold and Bitcoin (BTC) is not a negative thing, but rather shows the potential independence of Bitcoin (BTC) as an investment asset.

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Cathie Wood’s view on Bitcoin

Cathie Wood of Ark Invest also provides a view in favor of Bitcoin (BTC) being more than just digital gold. According to Wood, Bitcoin (BTC) still has a lot of room to grow and catch up to the value of gold. Wood sees the current price as a favorable entry point for investors. He also argues that Bitcoin (BTC) is the only asset in the world that serves as a good asset in rising or falling market conditions. This shows the flexibility and uniqueness of Bitcoin (BTC) as an investment tool and store of value.

Advantages of Bitcoin Compared to Gold

In addition, Cathie Wood emphasized that Bitcoin (BTC) is a ‘harder’ money than gold, thanks to its mining process that requires energy and high-tech resources.

This adds to the intrinsic value of Bitcoin (BTC) as an asset that is not only rare, but also difficult to mine, similar to the characteristics of gold. With blockchain technology underpinning Bitcoin (BTC), the security and transparency of transactions are more assured. This is an important factor that could make Bitcoin (BTC) more attractive than gold in the long run, especially in today’s digital age.

Conclusion

With all the arguments and analysis by experts like Bill Miller and Cathie Wood, the potential for Bitcoin (BTC) to reach or even surpass the value of gold cannot be underestimated. Investors who understand and trust the technology and principles behind Bitcoin (BTC) may see this as a golden opportunity to invest in the future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. Bill Miller: Bitcoin Would Hit $1.7 Million if Recognized as Digital Gold. Accessed on January 26, 2026