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Event File CRYPTO Bitcoin

VanEck's Sigel Sees Bitcoin Reaching $1 Million Within Five Years

1 reports · First detected 2026-05-07 · Last active 2026-05-07

U.S. asset manager VanEck has long conducted digital-asset research, and its head of digital assets research, Matthew Sigel, remains bullish on Bitcoin (BTC). He compared Bitcoin's growing adoption with the video game industry's move into the mainstream, arguing that wider market adoption could support its long-term value and attract investor attention.

As of July 20, 2026, Sigel's latest forecast sees Bitcoin potentially rising to $1 million per coin within five years, or by around 2031. The specific price target and timeline extend VanEck's long-term bullish stance, but the projection is Sigel's personal forecast and does not guarantee returns.

All Coverage

1 original reports
COINTELEGRAPH.COM 2026-05-07
VanEck’s Sigel sees Bitcoin reaching $1M within five years

The Backstory

The history behind this event
Bitwise CIO Says Institutional Inflows Could Send Bitcoin Above $1 Million2026-05-07 · 8 reports · similarity 0.82

Bitcoin has long been viewed as “digital gold,” competing with gold and other global stores of value. The U.S. Securities and Exchange Commission approved spot Bitcoin ETFs, including Bitwise’s product, on January 10, 2024, giving pension funds, asset managers and other institutions access to Bitcoin through regulated investment vehicles and broadening its potential funding base.

Bitwise Chief Investment Officer Matt Hougan recently said Bitcoin could surpass $1 million within the next 10 years if it captures about 17% of the global store-of-value market. He said institutional investors continued to hold even when Bitcoin fell 50%, while professional investors are gradually increasing portfolio allocations as volatility declines.

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