VanEck Research Director: BTC is expected to reach $180,000 next year, but corporate adoption is still insufficient
Matthew Sigel, Head of Digital Asset Research at VanEck, stated in the Coin Stories podcast that by 2025, the price of Bitcoin could reach as high as $180,000. He pointed out that key indicators such as funding rates, unrealized profits and retail speculation are the basis for this prediction. Sigel said that VanEck has been "bullish on Bitcoin" since 2017. However, he believes there is still a long way to go for corporate adoption of Bitcoin.
He said many traditional asset management companies (such as Morgan Stanley and Merrill Lynch) owned by banks and brokers have been slow to incorporate BTC into their financial strategies. Their strictly regulated structure and reliance on traditional asset allocation models (like the 60-40 portfolio) have not yet adjusted to accommodate BTC ETFs.
Sigel also noted that about 80% of BTC ETF holders are retail or high-net-worth investors who either diversify from self-custody or expand existing positions. He added that institutional asset management firms have not yet entered this field in a big way.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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