The post Bill Miller: Bitcoin Would Hit $1.7 Million if Recognized as ‘Digital Gold’ appeared on BitcoinEthereumNews.com.

The $1.7 million math More than digital gold If the market truly viewed Bitcoin as the digital equivalent of gold, the price of a single coin would not be struggling to reclaim $100,000. In fact, according to Bill Miller IV, the chief investment officer at Miller Value Partners, the leading cryptocurrency would be trading near $1.7 million. Now that gold is hitting record highs, critics have been quick to declare the correlation dead. Miller, however, argues that the lack of correlation is exactly the point. The $1.7 million math Miller’s hypothetical price target is derived from a simple market cap parity calculation. If Bitcoin were to capture gold’s entire monetary premium, the price per coin would need to rise approximately 19x from current levels. Miller’s post comes after the recent divergence between the two assets. Gold experienced a massive rally in 2026, which was driven by central bank buying and geopolitical hedging. In the meantime, Bitcoin’s price action has been extremely underwhelming, with the cryptocurrency struggling to reclaim even the $90,000 level. You Might Also Like However, Miller pointed to the historical lack of correlation between the two. “Wrong – the correlation between BTC and gold over the past decade is 0.09 (none). Why would you expect it to move at the same time?” he said. As reported by U.Today, Miller recently confirmed that he remained bullish on Bitcoin despite the recent underperformance. More than digital gold Ark’s Cathie Wood also recently dismantled the narrative that Bitcoin is merely “digital gold.” Wood believes Bitcoin has “miles to go” just to catch up to gold. She views the current price as an early entry point. She also argues that Bitcoin is the only asset in the world that functions as both a risk-on and a risk-off asset. Finally, Wood argues that Bitcoin is actually…

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Filed under: News - @ January 25, 2026 12:28 pm