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VanEck Executive: Bitcoin price could reach $1 million within five years
Golden Finance reports that on May 7th, when asked when Bitcoin might reach $1 million, VanEck’s Head of Digital Asset Research Matthew Sigel told CNBC that it could happen within just five years. “I think five years is possible,” Matthew Sigel said in an interview on Wednesday. “When you look at demographic trends and the willingness of young investors to allocate to Bitcoin, you see this.”
Last month, Bitwise Chief Investment Officer Matt Hougan also said that Bitcoin’s price could reach $1 million, and on Wednesday, U.S. President Donald Trump’s son Eric also stated that Bitcoin will surpass $1 million.
In 2024, VanEck CEO Jan Van Eck told CNBC that Bitcoin’s price could reach $300k.