Matthew Sigel Says Bitcoin Needs More Corporate Adoption

Matthew Sigel, the Head of Digital Assets Research of VanEck, said Bitcoin could reach $180K this bull cycle but is “under-exposed” to corporate adoption.

In an appearance on the Coin Stories podcast, Matthew Sigel said Bitcoin (BTC) could go as high as $180K in 2025, pointing to crucial indicators like funding rates, unrealized profits, and retail speculation as the basis for this prediction. Sigel, in conversation with the host Natalie Brunel, says VanEck has been “bullish on Bitcoin since 2017”. However, he believes corporate adoption of Bitcoin still has a long road ahead. 

Traditional asset managers, many of which, like Morgan Stanley and Merrill Lynch, are owned by banks and brokers, have been slow to adopt BTC into their financial strategy, he said. Their tightly regulated structure and reliance on traditional asset allocation models, such as the 60-40 portfolio, have yet to adjust to accommodate BTC ETFs. 

According to Sigel, this adds to the fact that approximately 80% of BTC ETF holders are retail or high-net-worth investors either diversifying away from self-custody or scaling up existing positions. Institutional asset managers, he added, have not yet significantly entered the space.

Bitcoin could be up to $180k during this bull run

The prediction that BTC will reach $180k comes as the crypto market experiences mounting optimism, with BTC surging to $107,780.58 on Dec. 16, as institutional interest continues to rise. Sigel shared that macro trends such as inflation hedges and BTC being adopted as digital gold are fueling this bullish sentiment. According to Sigel, BTC safeguards against actions like government currency devaluation and asset confiscations, a must-have for individuals living in countries with double-digit inflation. 

As one of the most active establishments when it comes to launching crypto products such as BTC ETFs, VanEck continues to be a major player in the digital asset space. VanEck’s research, which influences sentiments among institutional investors pursuing bitcoin exposure, echoes Sigel’s projection.