| Mobile Web

Search results for Matthew Sigel

Crypto

VanEck says bitcoin OK even if U.S. Democrats return; altcoins at risk

Bitcoin may not necessarily face headwinds even if the Democratic Party returns to power in the United States, an analysis said. VanEck digital asset research head Matthew Sigel said bitcoin could remain resilient under Democrats and should be viewed separately from broader crypto regulation. He said the bigger risk would be for other cryptocurrencies such as altcoins. Bitcoin has risen about 24 percent over the past seven days and was last around $78,438.

Crypto

Strategy that had been buying bitcoin now sells as Wall Street cuts MSTR price targets

Wall Street is rapidly pulling back confidence in Strategy\'s highly leveraged bitcoin accumulation strategy. Canaccord Genuity cut its price target on MSTR to $130 from $163 and warned the company’s bitcoin acquisition structure is vulnerable in a downturn. TD Cowen also cut its target to $260 from $400 while keeping a buy rating. Strategy approved selling up to $3.25 billion of bitcoin to raise cash, fund dividends and buy back shares.

Crypto

Bitcoin retirement strategy re-emerges; 2 to 5 BTC seen needed around 2030

An analysis said 2 to 5 bitcoin may be needed to fund retirement around 2030, depending on price scenarios and withdrawal rates. BeInCrypto reported that institutional participation is boosting optimism but volatility risks remain. VanEck outlined a base scenario of $1 million by 2031, while other forecasts ranged from $120,000 to $250,000 by end-2026. Models using 4 percent and 6 to 8 percent withdrawal rates produced differing BTC requirements.