According to CNBC, VanEck’s Head of Digital Assets Research Matthew Sigel said on Wednesday that Bitcoin could reach $1 million within five years. Sigel cited demographic trends and young investors’ intention to allocate to Bitcoin as key drivers. He compared Bitcoin adoption to the video game industry’s evolution, noting that while gaming was once limited to children, it now attracts mainstream audiences including Elon Musk. Bitcoin was trading at $81,221 as of 3:18 p.m. ET on Wednesday.
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