VanEck Calls $1M Bitcoin Price 'Base Case' in Five Years
VanEck's Head of Digital Assets Research Matthew Sigel believes Bitcoin could reach $1 million per coin within roughly five years. Sigel made this prediction on CNBC's Halftime Report, framing it as the firm's base-case scenario rather than an outlier bet.
The milestone could arrive inside half a decade, driven by demographic shifts and rising allocations from younger investors. Sigel pointed to the first central bank purchase of Bitcoin for reserves as proof that adoption is moving past retail speculation.
He compared Bitcoin to the video game industry, arguing that an asset class once seen as niche tends to broaden across age groups. Sigel acknowledged the road will be rough, citing the correlation between Bitcoin and the Nasdaq at a five-year high.