Odaily Planet Daily News VanEck's Head of Digital Asset Research Matthew Sigel stated on 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 there is still a long way to go for corporate adoption of Bitcoin. 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 hindered by their strictly regulated structures and reliance on traditional asset allocation models (such as the 60-40 portfolio), which have yet to adapt to BTC ETFs. Sigel also noted that this indicates that about 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 companies have not yet made significant inroads into this space.

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