Head of Digital Assets Research at VanEck, Matthew Sigel, predicts that Bitcoin could reach $180,000 in this bull cycle. He bases this prediction on indicators like funding rates, unrealized profits, and retail speculation. Sigel believes that corporate adoption of Bitcoin still has a long way to go, as traditional asset managers have been slow to incorporate BTC into their strategies. Currently, about 80% of BTC ETF holders are retail or high-net-worth investors. Sigel also attributes the bullish sentiment in the crypto market to macro trends like BTC being seen as a hedge against inflation and a way to protect against government currency devaluation. VanEck, known for launching crypto products like BTC ETFs, continues to be influential in the digital asset space and supports Sigel's projection.



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