Crypto
VanEck says bitcoin could reach $1 million within five years
Asset manager VanEck forecast bitcoin could reach $1 million within the next five years. Matthew Sigel, head of digital assets research at VanEck, made the remarks in a CNBC interview, with bitcoin then around $81,000. He cited younger investors’ allocation intent and the Czech National Bank’s purchases, while warning of high volatility. Similar long-term projections have been floated by Bitwise, Coinbase, Ark Invest and Standard Chartered.