VanEck Research Director: BTC is expected to reach $180,000 next year, but enterprise adoption is still insufficient

Odaily Planet Daily News VanEck’s digital asset research director, Matthew Sigel, said in the Coin Stories podcast that by 2025, the price of BTC could reach as high as $180,000, pointing out that the funding rate, unrealized profits, and key indicators such as speculation by retail investors are the basis of this prediction. Sigel said that VanEck has been bullish on BTC since 2017. However, he believes that there is still a long way to go for companies to adopt BTC. He said that many traditional asset management companies (such as Morgan Stanley and Merrill Lynch) are owned by banks and brokers, and their progress in incorporating BTC into their financial strategies has been slow. They are constrained by a tightly regulated structure and reliance on traditional asset allocation models (such as the 60-40 investment portfolio), and have not yet adjusted to accommodate BTC ETFs. Sigel said, this also indicates that about 80% of BTC ETF holders are retail investors or high net worth investors, who either diversify from self-custody or expand existing positions. He added that institutional asset management companies have not yet entered this field in a big way.