Bitcoin Could Hit $1 Million Within Five Years, Says VanEck's Sigel

BTC-0.58%
According to Matthew Sigel, VanEck's Head of Digital Assets Research, bitcoin could reach $1 million within five years. In a Wednesday interview with CNBC, Sigel cited demographic trends and young investors' growing allocation to Bitcoin as drivers for the price target. He compared Bitcoin adoption to the video game industry, noting that as mainstream adoption expands across generations, the asset's long-term trajectory remains bullish despite near-term volatility.
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