Bitcoin is “very undervalued” in front of gold, says LighttsPark executive director while tokenized gold reaches 3,000 million dollars

The executive director of LighttsPark, David Marcus, said Bitcóin remains “severely undervalued”Compared to gold, suggesting that cryptocurrency could reach 1.3 million dollars if equal to the capitalization of gold market.

“I still feel that Bitcoin is very undervalued, especially if you compare it with gold.” Marcus said during an interview on Monday with Bloomberg, adding that Bitcoin would be quoted at 1.3 million dollars per currency of gold parity.

The statement occurred when Bitcoin reached a new historical maximum above $ 126,000 on October 7, while tokenized gold assets simultaneously crossed the market capitalization threshold of 3,000 million dollars for the first time.

Marcus, who previously directed the failed cryptocurrency project Libra de Meta, argued that Bitcoin’s utility as a neutral settlement asset for global payments has not been included in current assessments.

David Marcus, Executive Director of Lightspark | Source: Bloomberg

The founder of LighttsPark emphasized the role of Bitcoin as a fundamental infrastructure during the interview, comparing it with Internet architecture.

“Bitcoin is the Internet of money” Marcus declared, explaining that his company bought Bitcoin three years ago to facilitate transactions and support stable currencies on the network.

Marcus recognized the best regulatory conditions under the Trump administration compared to previous years, when obstacles had suffocus innovation throughout the cryptography industry.

He pointed out that the main financial institutions are now adopting Bitcoin through funds quoted in the stock market, which could be seen as the beginning of an irreversible change towards generalized adoption.

“The horse has left the barn” Marcus said, describing Bitcoin as the most accepted and reliable digital asset worldwide.

His company entered Bitcoin during the previous bearish market, which gave Lightspark an advantageous cost base since the asset rose almost 100% during the past year.

LighttsPark specializes in developing technologies in Bitcoin LightWork, allowing faster and more economic cross -border payments compared to traditional alternatives.

Marcus described the work of his company facilitating transfers from weights to Mexico 24 hours a day, 7 days a week at a lower cost to conventional remittance services as an example of Bitcoin practical applications.

The tokenized gold market reached $ 3,030 million in capitalization on Tuesday, when physical gold briefly exceeded $ 4,000 per ounce for the first time in history.

Gold coin market capitalization | Source: Coingcko

Pax Gold and Tether Gold dominate the sector, and each token is quite below 4,000 dollars and closely follow gold cash prices.

The volume of tokens operations backed by gold shot at $ 640 million in 24 hours, since the precious metal rebounded along with the silver, which exceeded $ 48.50.

The increase occurred during the sixth day of the closing of the US government, which contributed to renew the interest of investors in traditional safe shelters.

The current price of Bitcoin represents a proportion of approximately 31.6 ounces of gold per currency, below a maximum of more than 40 ounces in December 2024.

The decreasing proportion suggests that gold has surpassed Bitcoin in recent months despite the 30% gain of cryptocurrency so far this year.

Matthew Sigel, from Vaneck, argued separately on Tuesday that Bitcoin could reach $ 644,000 per coin if he captured half of the gold value reserve market at current prices.

“Surveys show that younger consumers in emerging markets prefer more and more Bitcoin.” Sigel wrote in X, noting that approximately half of the gold market value comes from its value deposit function and not from industrial or jewelry demand.

Vaneck’s broader research projects that Bitcoin could liquidate 10% of world trade by 2050, which would potentially support a long -term price of 2.9 million dollars per currency.

The investigation also estimates that, in such a scenario, the central banks would maintain approximately 2.5% of their bitcoin reserves.

Deutsche Bank analysts predicted in September that Bitcoin could join gold in the balance sheets of central banks by 2030, citing the strategic Bitcoin reserve initiative of the Trump administration.

Bitcoin’s growing advantage over gold for institutional investors occurs when Bitcoin ETF Spot attracted $ 3,240 million in net tickets last week, its second highest figure since its launch.

Centralized exchanges now have only 2.83 million bitcoin, the lowest level in six years, intensifying supply restrictions as demand accelerates.

The comparison between Bitcoin and Gold has sharpened this year, since both assets established records amid increasing concerns about the degradation of currency and fiscal uncertainty in the main economies.

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