BlockBeats news, on December 17, VanEck's head of digital asset research, Matthew Sigel, stated in the Coin Stories podcast that by 2025, the price of Bitcoin could reach as high as $180,000, noting that key indicators such as funding rates, unrealized profits, and retail speculation are the basis for this prediction. Sigel mentioned that VanEck has been "bullish on Bitcoin" since 2017. However, he believes that corporate adoption of Bitcoin still has a long way to go.
He said that many traditional asset management firms (such as Morgan Stanley and Merrill Lynch) are owned by banks and brokers, and their progress in incorporating BTC into financial strategies has been slow. They are constrained by heavily regulated structures and reliance on traditional asset allocation models (such as a 60-40 portfolio), which have not yet adapted to accommodate BTC ETFs.
Sigel stated that this also indicates that about 80% of BTC ETF holders are retail or high-net-worth investors who are either diversifying their investments from self-custody or expanding existing positions. He added that institutional asset management companies have not yet made a significant entry into this field.
