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Bitcoin to reach $1M within five years - VanEck’s crypto research head
Bitcoin may be down for the year, but VanEck’s head of digital assets research said Wednesday he sees a massive rally on the horizon. Matthew Siegel told CNBC in an interview that Bitcoin reaching $1M is “the base case” for the firm, with the milestone potentially arriving within half a decade. The bold prediction comes as the cryptocurrency, currently trading around $81K, has staged a solid rally over the past month despite year-to-date losses. “This is a megatrend, but it’s going to be very volatile along the way,” Siegel said. He pointed to several factors supporting his bullish outlook. Bitcoin’s ... (full story)
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