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VanEck Digital Asset Research Director Matthew Sigel told CNBC that although Bitcoin has retraced nearly 50% from its 2025 high, he expects BTC to return to its all-time high within the next 12 months. Sigel believes that current market sentiment remains cautious, more like short covering rather than extreme optimism, so there may still be room for upward movement. Additionally, he thinks that if the Clarity Act passes, it will accelerate institutional funds entering the crypto market, but he remains cautious about altcoins overall, favoring Bitcoin and AI-driven mining company opportunities.