VanEck: Bitcoin could reach 1 million dollars within 5 years

Matthew Sigel, head of digital asset research at VanEck, stated that the price of Bitcoin is expected to reach $1 million in the next 5 years.

He likened the adoption path of Bitcoin to video games: gradually moving from early niche groups to widespread popularity, especially optimistic about the continued increase in allocation by young investors. However, this prediction is still considered aggressive compared to the current price of about $80,000, and similar optimistic views in the market also largely come from institutions with holdings.