VanEck's November 2 outlook suggests Bitcoin could hit $500,000 within five to ten years by capturing about half of gold's market capitalization, estimated at $14 trillion. This target is roughly 5.6 times the Bitcoin price used in their analysis. The projection is based on increased adoption among younger users in emerging markets and ongoing accumulation by global institutions. VanEck views Bitcoin as entering a bull market, noting it gained over 40% in Q3, outperforming both the S&P 500 and gold during that period.
VanEck's Bitcoin price target provides context for cryptocurrency market activity on Pluang. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 03, 2026 09:02 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell. Notable movers include LUNC at Rp0,731 with a 1-day change of -5.61%, BAT at Rp2.308 with -5.57%, and CRV at Rp4.821 with -5.27%.
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