VanEck Digital Asset Research Director Matthew Sigel predicts that Bitcoin prices could rise to $1 million within the next five years. He points out that the willingness of young investors to participate and demographic trends will be key factors driving Bitcoin to this million-dollar target, and considers this the baseline scenario for VanEck over the next half-decade.

Matthew Sigel emphasizes that Bitcoin's development pattern will resemble that of the gaming industry. He states that 30 years ago, children were passionate about video games, and now Elon Musk is involved, indicating that enthusiasm for video games has not waned. Similarly, he believes that enthusiasm for Bitcoin will not diminish. He thinks that the world's first central bank to start purchasing Bitcoin as a reserve asset also proves that this major trend is accelerating, despite the extreme volatility still present during the process.