The investment manager’s long-term model puts BTC’s price at roughly $3 million by 2050.
Bitcoin’s (BTC) performance is creating a “very bullish setup” for the digital asset as investors brace for the United States presidential election in November, Matthew Sigel, VanEck’s head of digital assets research, told CNBC on Oct. 28.
“Our bet is that this is a very bullish setup for Bitcoin going into the election,” Sigel said, adding:
Bitcoin’s spot price broke $69,000 on Oct. 28, indicating a potential push toward all-time highs going into the elections.
