BlockBeats news, on December 17, VanEck digital asset research director Matthew Sigel stated on the Coin Stories podcast that the price of Bitcoin may be as high as $180,000 by 2025, pointing to funding rates, unrealized profits and retail investors. Key indicators such as speculation underlie this forecast. Sigel said VanEck has been “bullish on Bitcoin” since 2017. However, he believes corporate adoption of Bitcoin is still a long way off.
He said many traditional asset managers, such as Morgan Stanley and Merrill Lynch, which are owned by banks and brokers, have been slow to incorporate BTC into their financial strategies. Their highly regulated structures and reliance on traditional asset allocation models (such as the 60-40 portfolio) have not been adapted to accommodate BTC ETFs.
Sigel said this also suggests that approximately 80% of BTC ETF holders are retail or high-net-worth investors who are either diversifying from self-custody or expanding existing positions. Institutional asset managers have yet to enter the space in a big way, he added.
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