Could $BTC reach $500,000 this cycle?
Matthew Sigel from VanEck believes $BTC may have already reached its bottom, while more investors are buying when prices fall.
VanEck’s long-term model sees Bitcoin reaching $3M by 2050 if it becomes widely used in global trade. Sigel also believes miners could benefit from the AI boom, as their access to electricity becomes more valuable.
Quantum computing remains a risk for Bitcoin, and Sigel believes the crypto industry needs to find a solution in the coming years.
#Macro Insights#
Matthew Sigel from VanEck believes $BTC may have already reached its bottom, while more investors are buying when prices fall.
VanEck’s long-term model sees Bitcoin reaching $3M by 2050 if it becomes widely used in global trade. Sigel also believes miners could benefit from the AI boom, as their access to electricity becomes more valuable.
Quantum computing remains a risk for Bitcoin, and Sigel believes the crypto industry needs to find a solution in the coming years.
#Macro Insights#
