Matthew Sigel, Head of Digital Assets Research at VanEck, recently stated that Bitcoin could reach $180,000 in 2025. However, he noted that corporate adoption of the cryptocurrency remains slow.
VanEck's Bitcoin Predictions
Matthew Sigel believes Bitcoin's price could rise to $180,000 based on indicators like funding rates, unrealized profits, and retail speculation. VanEck has maintained a bullish view on Bitcoin since 2017.
Slower Corporate Bitcoin Adoption
Traditional asset managers, such as Morgan Stanley and Merrill Lynch, are slow to adapt Bitcoin into their financial strategies due to regulatory frameworks and outdated asset allocation models. Approximately 80% of BTC ETF holders are retail or high-net-worth investors, while institutional asset managers have not significantly entered the space yet.
VanEck's Role in Digital Assets
VanEck is actively developing crypto products, including BTC ETFs, and remains a key player in the digital asset space. The company's research influences institutional investors' sentiments towards Bitcoin exposure.
The projected rise of Bitcoin to $180,000 is linked to increasing institutional interest and macroeconomic trends. Nonetheless, corporate adoption of the cryptocurrency requires more time and effort.
