Matthew Sigel, head of digital asset research at VanEck, believes that the ongoing cryptocurrency rally is just beginning and expects Bitcoin to reach repeated all-time highs in the next two quarters. He compares the current pattern to the previous cycle, where Bitcoin more than doubled in price within a month after breaking the all-time high. Bitcoin is currently up about 30% in November and reached a record high of $93,477. Sigel cautions that there may be price corrections, but major indicators are still positive. VanEck is receiving increasing calls from investment advisors looking to gain exposure to Bitcoin, and they believe the leading cryptocurrency could potentially reach $180,000 in this cycle.
- Content Editor ( u.today )
- 2024-11-14
VanEck Claims Bitcoin Rally 'Just Getting Started'