Recently, Wall Street has been increasingly bold in calling target prices for Bitcoin.

VanEck's Digital Asset Research Director Matthew Sigel recently stated in an interview that Bitcoin has the potential to surge to $1 million within the next five years, and this prediction has indeed sparked quite a bit of discussion.

Currently, the market is still struggling over whether Bitcoin can hold steady at $80k, but some have already set their sights on seven-figure targets.
Sigel's reasoning isn't hard to understand; he mentioned demographic changes and the willingness of young investors to allocate to Bitcoin, which are indeed driving the market.

Interestingly, similar views are not uncommon on Wall Street and in the crypto community.
Bitwise's Chief Investment Officer has also floated a $1 million target, and other industry figures are singing the same tune.
The voice of "Bitcoin super-bull" is growing louder and louder.

However, there's a noteworthy detail—these individuals' interests are often closely tied to the price of the coin.
VanEck is the issuer of Bitcoin spot ETFs, and the higher the price, the more lucrative their business becomes; some of them are also involved in mining or crypto asset management.
So, when hearing these predictions, it's important to consider their respective positions.

When asked why they are so confident in the $1 million target, Sigel offered an interesting analogy.
He said it's like the development trajectory of the e-sports industry—playing video games was once a child's hobby 30 years ago, now even the world's richest people are into it; once people fall in love with something, they don't give it up easily.
Similarly, those who have deeply engaged with Bitcoin are unlikely to exit easily.

More importantly, some central banks have already begun to include Bitcoin in their reserves.
This indicates that Bitcoin is no longer just an investment asset but a genuine super trend.
Of course, this process will be volatile, but the direction seems quite clear.