Bitcoin ‘Severely Undervalued’ vs Gold, Says Lightspark CEO as Tokenized Gold Hits $3B

Lightspark CEO David Marcus claimed that Bitcoin remains “ severely undervalued ” compared to gold, suggesting the cryptocurrency could reach $1.3 million if it matched gold’s market capitalization. “I still feel Bitcoin is severely undervalued, especially if you compare it to gold,” Marcus said during a Monday interview with Bloomberg , adding that Bitcoin would trade at $1.3 million per coin at gold ￰0￱ statement came as Bitcoin touched a fresh all-time high above $126,000 on October 7, while tokenized gold assets simultaneously crossed the $3 billion market cap threshold for the first time. Marcus, who previously led Meta’s failed Libra cryptocurrency project , argued that Bitcoin’s utility as a neutral settlement asset for global payments has not been priced into current ￰1￱ CEO David Marcus |) September 28, 2025 The growing Bitcoin edge over gold for institutional investors comes as spot Bitcoin ETFs attracted $3.24 billion in net inflows last week, their second-highest tally since ￰2￱ exchanges now hold just 2.83 million Bitcoin, the lowest level in six years, intensifying supply constraints as demand ￰3￱ Bitcoin-to-gold comparison has sharpened this year as both assets set records amid mounting concerns over currency debasement and fiscal uncertainty in major economies .