VanEck’s Sigel sees Bitcoin reaching $1M within five years

VanEck’s Matthew Sigel says Bitcoin may reach $1 million in five years, comparing adoption trends to the video game industry’s shift to mainstream use.

Matthew Sigel, head of digital assets research at investment manager VanEck, said he sees Bitcoin (BTC) reaching seven figures within the next five years.

“Bitcoin going up for us is the base case. We think this asset is going to reach a million dollars over the next several years,” Sigel said on CNBC’s Halftime Report on Wednesday.

Sigel later clarified that BTC is likely to reach that threshold in “half a decade,” comparing Bitcoin’s adoption to the video game industry’s, where usage has expanded across age groups after initially being limited to younger users.

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