David Marcus, a prominent voice in the payments world, revisits a familiar yet bold idea. Bitcoin could surpass gold as a store of value. He points to the combination of Bitcoin’s scarcity and its simple recovery tool (a 12-word seed phrase) as the reason why people can hold and move large sums without a bank.
According to the report, the former PayPal boss linked Bitcoin’s rise to the size of the gold market, which he said could push BTC to low levels of millions of dollars per coin.
Marcus says Bitcoin is easier to move and store.
His core argument is simple. Gold is heavy and difficult to move. Bitcoin is a code that you can carry or back up on your device with just a few words. This is important in a connected world where fast transfers are the norm.
But seed phrases are a double-edged sword. Although access can be restored, its value may be lost if lost or stolen. Reports show that people actually forget their passwords and lose their drives. Despite its weight, gold cannot be erased by a single human mistake.
The former CEO of PayPal said this: #Bitcoin It should be between $1.1 million and $1.5 million, and he thinks “it’s going to happen.” 🚀
It’s a matter of ‘when’, not ‘if’! pic.twitter.com/5iiz9HtB8g
— The Moon Show (@TheMoonShow) January 28, 2026
Pricing Math Vs Real Steps
Marcus used market capitalization calculations to sketch a path for BTC reaching $1.1 million to $1.5 million. Supporters point out that a fixed supply is not impossible.
Critics respond with difficult questions. How quickly will adoption occur? Who will regulate it and how? Where do pensions and banks fit in?
Critics say the numbers, without a clear timeline or adoption plan, are just a thought experiment. That view has legs. Predictions are tempting, but plans are not.
Market trends and headlines
According to the report, Bitcoin is finding support near $89,000-$91,000 as traders adjust their headlines and risk appetite. Short swings were common. News of conflicts and trade tensions in the Middle East have made investors nervous.
Sometimes merchants panicked. Sometimes the buyer came back quickly. This push and pull has made price action choppy and difficult to read for anyone trying to time their entry.
What Gold Still Brings
Aside from being a safe haven, gold has many other uses. It is used in industry and jewelry. This provides basic utility that Bitcoin lacks. Part of the demand for gold is likely tied to this practical role. This provides a different kind of measure of value than scarcity alone.
Balanced takeout
Marcus’s views are influential because he has built major payment systems and speaks from experience. His words matter to some investors, according to the report. Nonetheless, the case for Bitcoin overtaking gold will depend on many moving parts, such as widespread adoption, predictable rules, and stable market plumbing.
You have to show it one by one, not just wish for it. The debate will continue and both sides will be able to point out their real strengths. Currently, the market’s short-term movements are driven by headlines and trader mood as well as long-term calculations.
Featured image from Unsplash, chart from TradingView
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