VanEck Sees Bitcoin Reach $1M on ‘Mega Adoption’ Trend

BTC

BTC/USDT

$63,194.19

+0.22%

$63,194.19

+0.22%

(24s)

24h Volume

$4,596,851,203.18

24h H/L

$63,390.00 / $62,716.00

Change: $674.00 (1.07%)

Long/Short

69.0%

Long: 69.0%Short: 31.0%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,119.67

▲ 0.35%

Volume (24h): -

Resistance Levels

Resistance 3$65,254.36

Resistance 2$64,507.45

Resistance 1$63,135.87

Price$63,119.67

Support 1$62,997.79

Support 2$62,320.84

Support 3$61,340.19

Pivot (PP):$63,002.00

Trend:Downtrend

RSI (14):44.0

Cointelegraph Staff

(12:51 PM UTC)

1 min read

Approved byDavid Kim

0 comments

Matthew Sigel, head of digital assets research at investment manager VanEck, said he sees Bitcoin (BTC) reaching seven figures within the next five years.

“Bitcoin going up for us is the base case. We think this asset is going to reach a million dollars over the next several years,” Sigel said on CNBC’s Halftime Report on Wednesday.

Sigel later clarified that BTC is likely to reach that threshold…