Bitcoin Can 'Hit' $500,000 by 2029, Says VanEck's Matthew Sigel Provided the Cycle 'Plays Out as Usual'
Market / Price
VanEck's Head of Digital Asset Research Matthew Sigel reiterated on Thursday his $100,000 Bitcoin (CRYPTO: BTC) price target for 2027, adding that $500,000 by 2029 is also plausible if the cycle “plays out as usual.” Sigel Says BTC Surge Tied to Treasury Moves During an interview with CNBC, Sigel said that Bitcoin's ongoing surge is not linked to the CLARITY Act, but entirely linked to the Treasury Department's announcement that it would double its long-term bond buybacks.
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