VanEck: Bitcoin could reach $1 million within 5 years

Odaily Planet Daily News: Matthew Sigel, Head of Digital Asset Research at VanEck, stated that the price of Bitcoin is expected to reach $1 million within the next 5 years. He analogized the adoption path of Bitcoin to video games: gradually moving from an early niche group to universal adoption, particularly optimistic about young investors continuously increasing their allocations.

However, this prediction is still aggressive compared to the current price of around $80,000, and similar optimistic views in the market mostly come from institutions with holdings.