VanEck predicts Bitcoin could reach $1 million within five years and compares its adoption trajectory to a video game

Mars Finance News, according to The Block, reports that VanEck Digital Asset Research Director Matthew Sigel stated in an interview with CNBC that Bitcoin could reach $1 million within five years. He pointed out that the allocation intentions of young investors and demographic trends are key factors supporting this judgment. Although Bitcoin’s all-time high has not exceeded $126k, Bitwise Chief Investment Officer and Eric Trump have recently made similar predictions. Sigel compared Bitcoin’s adoption trajectory to the development of the video game industry: thirty years ago, only children played video games, now people of all ages are involved. He said people won’t quit gaming, nor will they abandon Bitcoin, and pointed out that the first central bank has already included Bitcoin in its reserves—this is a super trend, but volatility remains huge during the process.