Matthew Sigel, head of digital asset research at VanEck, said Bitcoin could reach $180,000 this bull cycle but is “underexposed” to corporate adoption.
Matthew Sigel, appearing on the Coin Stories podcast, said Bitcoin (BTC) could hit $180,000 by 2025, pointing to important indicators such as funding ratios, unrealized profits, and retail speculation as the basis for these predictions. In a conversation with host Natalie Brunel, Sigel said VanEck “Bitcoin strength since 2017“. However, he believes there is still a long way to go before businesses adopt Bitcoin.
Traditional asset managers like Morgan Stanley and Merrill Lynch, which are owned by banks and brokers, have been slow to adopt BTC into their financial strategies, he said. The highly regulated structure and reliance on traditional asset allocation models such as 60-40 portfolios have not yet been adjusted to accommodate the BTC ETF.
According to Sigel, this adds to the fact that roughly 80% of BTC ETF holders are retail or high-net-worth investors looking to diversify out of their custody or expand existing positions. He added that institutional asset managers have not yet made significant inroads into this space.
During this bull market, Bitcoin could rise up to $180,000.
The prediction that BTC will reach $180,000 comes as the cryptocurrency market is experiencing increasing optimism, with BTC surging to $107,780.58 on December 16 as institutional interest continues to grow. Sigel shared that macro trends, including inflation hedges and the adoption of BTC as digital gold, are fueling this bullish sentiment. According to Sigel, BTC provides much-needed protection against measures such as government currency devaluation and asset confiscation for individuals residing in countries experiencing double-digit inflation.
VanEck continues to establish itself as a major player in the digital asset space, being one of the most active companies in launching cryptocurrency products such as the BTC ETF. VanEck’s research influencing the sentiment of institutional investors seeking Bitcoin exposure echoes Sigel’s predictions.