VanEck Forecast: Bitcoin Could Climb To $1,000,000 By 2031, Research Head Says

Bitcoin is trading just above the $81,000 level as the market waits to see whether the next move will push higher or pull back. Against that backdrop, Matthew Siegel, head of digital asset research at VanEck, reiterated his bullish view on the leading cryptocurrency.  In a Wednesday interview with CNBC, Siegel again pointed to a dramatic upside scenario, saying he expects Bitcoin to potentially reach $1,000,000 within the next five years. Why Bitcoin May Persist Siegel compared Bitcoin’s staying power to a familiar arc from the tech world. “It’s going to be like the video game industry.” In the same spirit, Siegel argued that investors do not simply abandon Bitcoin and move on.  “People don’t quit; they also don’t quit Bitcoin.” He added that the market is also being...