VanEck's head of digital assets research, Matthew Sigel, recently made some price predictions that will be welcome news to Bitcoin (CRYPTO: BTC) investors. In May, he said that the leading cryptocurrency could rise to $160,000, and over the long haul, he's forecasting that it will reach seven figures.
Bitcoin trades at about $60,000 as of June 29, down more than 50% from its all-time high of $126,000 in October 2025. Are Sigel's predictions worth taking seriously, or are they wishful thinking? Here's what he said, along with the reasoning behind it.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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