TechFlow news — On December 17, Matthew Sigel, VanEck's Head of Digital Asset Research, shared key insights on the Coin Stories podcast. He noted that despite Bitcoin’s price surpassing $107,000, corporate adoption remains insufficient. Based on analysis of key indicators such as funding rates, unrealized profit, and retail speculation, he forecasts Bitcoin could reach $180,000 by 2025.
Sigel pointed out that VanEck has been bullish on Bitcoin since 2017, but adoption by traditional financial institutions has progressed slowly. Currently, approximately 80% of Bitcoin ETF holders are retail or high-net-worth investors, who are either shifting from self-custody to diversified investments or expanding their existing positions. Traditional asset managers like Morgan Stanley and Merrill Lynch remain cautious toward Bitcoin ETFs due to strict regulatory frameworks and adherence to conventional 60-40 portfolio models.
Sigel added that Bitcoin’s characteristics as an inflation hedge and digital gold are strengthening—particularly in countries facing double-digit inflation, where Bitcoin can effectively protect against government currency devaluation and asset seizure.
