According to VanEck’s Head of Digital Assets Research Matthew Sigel, speaking on CNBC on Wednesday, bitcoin could reach $1 million within five years. “Half a decade, I think is possible,” Sigel said, citing demographic trends and young investors’ intentions to allocate to Bitcoin. He compared Bitcoin adoption to the video game industry, noting that as the sector matured, participation broadened across demographics. “We have the first central bank buying bitcoin for its reserves, so this is a mega trend,” Sigel added. Bitcoin was trading at $81,221 as of Wednesday afternoon.
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