CoinVoice recently learned that Matthew Sigel, Head of Digital Asset Research at VanEck, stated on the Coin Stories podcast that by 2025, the price of Bitcoin could reach up to $180,000, noting that key indicators such as funding rates, unrealized profits, and retail speculation are the basis for this prediction. Sigel stated 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 companies (such as Morgan Stanley and Merrill Lynch), owned by banks and brokers, are making slow progress in incorporating BTC into their financial strategies. They are constrained by their heavily regulated structures and reliance on traditional asset allocation models (such as the 60-40 portfolio), which have yet to adapt to BTC ETFs.
Sigel said this also indicates that approximately 80% of BTC ETF holders are retail or high net worth investors who either diversify their investments from self-custody or expand existing positions. He added that institutional asset management firms have not yet made significant inroads into this area. [Original link]
