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Bitcoin Predicted to Hit $1M in 5 Years, Says VanEck's Sigel
Description
Matthew Sigel from VanEck predicts Bitcoin reaching one million dollars within five years, with a longer model seeing it climb to two point nine million by 2050. He compares Bitcoins rise to video games going mainstream and warns of super cyclical volatility, especially with the first central bank stacking Bitcoin in reserves. Despite high correlation with the Nasdaq, Sigel notes no froth in derivatives and a bullish long-term path for Bitcoin.
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