VanEck bullish on Bitcoin: aiming to hit new highs within 12 months

On May 10, Matthew Sigel, Head of Digital Asset Research at VanEck, a globally renowned asset management firm, was invited to appear on CNBC’s business news interview program. He provided the latest professional analysis on Bitcoin’s outlook and the overall landscape of the crypto market, boldly predicting that Bitcoin could once again challenge and return to its all-time high within the next 12 months.

In analyzing the logic behind this market rebound, Matthew Sigel noted that the correlation between Bitcoin and the Nasdaq index has risen to a level not seen in nearly five years. The strong resilience demonstrated by the U.S. tech sector as a whole has become an important macro driver behind Bitcoin’s recent price recovery. At the same time, when looking at overall sentiment in the crypto derivatives market, the current futures and options markets have not shown an all-out bullish enthusiasm. Instead, the market is mainly driven by short covering and demand for risk-averse capital allocation, and has not formed a bubble-like rally driven by chasing prices. From a contrarian investing perspective, market sentiment still has room to recover, and Bitcoin’s current upward trend has the basis and momentum to continue.

On industry regulation and the performance of altcoins, Matthew Sigel also offered in-depth interpretations. He said that if the core U.S. crypto legislation, the “CLARITY Act,” is subsequently successfully passed and enacted, it will effectively clarify the regulatory boundaries for digital assets and eliminate long-standing market uncertainty, which could reignite trading heat and market sentiment across the entire altcoin sector. But for now, most institutional investors remain cautious. Constrained by multiple factors, including the fact that global regulatory policies are not yet fully clear, project compliance varies significantly, and investor protection mechanisms are not sufficiently developed, institutional funds continue to take a wait-and-see approach toward most small- and mid-cap altcoins, and have not yet started large-scale positioning and entry.

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