Former PayPal President: Bitcoin breaking one million dollars is just a "matter of time", market capitalization could match gold.

Former PayPal President David Marcus again proposes that Bitcoin could rise to $1.3 million if it were to match gold. (Background: Wall Street warns: gold hitting $4,000 shows the de-dollarization trend is brewing, and buying Bitcoin as a hedge against “devaluation trades” is trending.) (Additional context: Bitcoin surged to $126,200, setting a new historical high; is Ethereum close behind?) By the end of 2025, with the U.S. government shutdown unresolved, expectations for interest rate cuts by The Federal Reserve (FED) are rising, and the dollar is projected to weaken by about 10% within a year. Amid heightened risk aversion, gold and Bitcoin have both reached new historical highs, with Bitcoin once hitting $126,000 and gold exceeding $3,900 per ounce. In this heated market sentiment, former PayPal President and Lightspark CEO David Marcus again makes a shocking prediction: if Bitcoin's market capitalization equals that of gold, the price of a single Bitcoin could rise to $1.3 million. This statement reignites the debate of “digital gold vs. physical gold.” How to calculate Bitcoin reaching “7 digits” million dollars? Marcus's estimate is based on gold's market capitalization of approximately $27 trillion compared to Bitcoin's fixed supply of 21 million coins. If fully matched, the theoretical price could reach $1.3 million, reflecting a more optimistic adoption rate and revised assumptions for gold's market value. Marcus states that if Bitcoin's market value were equal to gold's, then the value of one Bitcoin would reach $1.3 million. It is already a superior store of value, and its payment utility has yet to be reflected in its price. Crossing the million-dollar mark is only a matter of time. Reminder: if Bitcoin were valued like gold, 1 BTC = $1.3M. It’s already a better store of value, and its payments utility isn’t priced in yet. Crossing into 7 digits is only a matter of time. — David Marcus (@davidmarcus) October 6, 2025 The early October U.S. government shutdown has led to delays in the release of key data such as unemployment claims and the consumer price index, causing investors to be particularly cautious about economic prospects. The market bets that the FED may cut rates early or additionally, further amplifying the “devaluation trade” sentiment following the 25 basis points cut in September. Related reports Wall Street warns: gold hitting $4,000 shows the de-dollarization trend is brewing, and buying Bitcoin as a hedge against “devaluation trades” is trending. MicroStrategy did not increase its Bitcoin holdings last week, Saylor: a $9 billion profit reminds us to HODL. Bitcoin surged to $126,200, setting a new historical high; is Ethereum close behind? This article titled “Former PayPal President: Bitcoin Crossing $1 Million is Just a Matter of Time, Market Value Could Match Gold” was first published in BlockTempo, the most influential blockchain news media.