VanEck executive says BTC could hit $1M in 5 years

Matthew Sigel, Head of Digital Assets Research at VanEck, has predicted that BTC could potentially reach $1 million within the next five years. In a CNBC interview, he said this is an entirely plausible scenario, citing demand for BTC from younger investors and ongoing demographic shifts, according to The Block. The forecast echoes similar comments made last month by Bitwise Chief Investment Officer (CIO) Matt Hougan. Eric Trump, the second son of U.S. President Donald Trump, has also stated that BTC will surpass the $1 million mark.