Bitcoin could surge to $160,000 if it matches gold's peak ratio, says VanEck's Matthew Sigel.

Matthew Sigel of VanEck predicts Bitcoin could reach $160,000 if it regains its all-time high ratio relative to gold, moving from 17.1x to 35x. Bitcoin has underperformed gold and the U.S. stock market in 2026 but is considered cheap compared to equities. The U.S. stock market's cap-to-GDP ratio hitting an all-time high suggests Bitcoin might surpass this target if it catches up. The near-term Bitcoin price depends on institutional investment and U.S. regulatory developments, including the potential passage of the Clarity Act, which could boost institutional confidence.