As a seasoned researcher with over a decade of experience in the financial industry, I find Matthew Sigel’s prediction of Bitcoin reaching $180K during this bull cycle to be quite intriguing. While it might seem like a far-fetched number for some, his insights on macro trends and Bitcoin’s role as a hedge against inflation make a compelling case.
I’m excited about Matthew Sigel’s prediction that Bitcoin could potentially surge to $180,000 during this ongoing bull market. However, as a crypto investor, I find it intriguing that he believes the digital asset might be “under-exposed” when it comes to corporate adoption. This suggests there may be untapped potential for Bitcoin’s integration into mainstream businesses, which could significantly impact its value in the future.
On the Coin Stories podcast, Matthew Sigel stated that Bitcoin (BTC) could potentially reach $180,000 by 2025. He based this prediction on significant factors such as funding rates, accumulated profits, and increased retail interest. Sigel also mentioned that VanEck has maintained a positive outlook towards Bitcoin since 2017. However, he emphasized that widespread corporate adoption of Bitcoin is likely still several steps away.
Many established investment firms, such as Morgan Stanley and Merrill Lynch – which are often under bank or broker ownership – have been hesitant to incorporate Bitcoin into their financial strategies. The reason lies in their highly regulated organizational framework and their adherence to conventional asset allocation models like the 60-40 portfolio, which have yet to adapt to accommodate Bitcoin ETFs.
Sigel stated that this contributes to the observation that around 80% of Bitcoin ETF holders are retail or high-net-worth investors who are either diversifying their assets without self-custody or increasing their existing investments. So far, institutional asset managers have not yet made a substantial entry into this sector.
As a researcher, I recently had the privilege to engage in an insightful conversation with Matthew Sigel from VanEck’s team. We delved into various aspects of Bitcoin, including its potential price trajectory, the prospect of a U.S. Strategic Bitcoin Reserve, institutional adoption, ETFs, and the role of emerging markets.
— Natalie Brunell ⚡️ (@natbrunell) December 16, 2024
Bitcoin could be up to $180k during this bull run
The forecast that Bitcoin (BTC) could reach $180k is driven by increasing optimism within the cryptocurrency market, following BTC’s surge to $107,780.58 on December 16th. As institutional interest grows, analyst Sigel attributes this bullish outlook to macro factors like Bitcoin serving as an inflation hedge and being viewed as digital gold. According to Sigel, Bitcoin offers protection against financial risks such as government currency devaluation and asset seizures, making it a crucial asset for individuals residing in countries with high inflation rates.
Among the busiest entities in the field of introducing cryptocurrency products like Bitcoin ETFs, VanEck consistently holds a significant position within the digital asset marketplace. The research conducted by VanEck, which impacts the opinions of institutional investors seeking bitcoin investment opportunities, aligns with Sigel’s forecast.
Read More
- POL PREDICTION. POL cryptocurrency
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- AI16Z PREDICTION. AI16Z cryptocurrency
- Li Haslett Chen to Leave Warner Bros. Discovery Board
- EXCLUSIVE: Alia Bhatt in talks with Dinesh Vijan for a supernatural horror thriller; Tentatively titled Chamunda
- Springfield man is convicted for using crypto to finance ISIS operations
- Crypto x AI makes up just 1% of crypto market cap, says analyst
- Blockaid new dashboard to track Web3 activity and threats
- PYTH PREDICTION. PYTH cryptocurrency
2024-12-17 07:26