VanEck Head of Digital Assets Research Matthew Sigel projects Bitcoin (CRYPTO: BTC) could reach $1 million within five years.

The $1 Million Thesis

Sigel framed the million-dollar target as VanEck’s base case over the next half-decade, driven by demographic trends and young investors’ intentions to allocate to Bitcoin.

“When you look at the demographic trends, it’s going to be like the video game industry,” Siegel explained on CNBC’s Halftime Report. 

“Thirty years ago it was kids playing video games. Now Elon Musk plays video games. People don’t quit. They also don’t quit Bitcoin,” he added.

Sigel pointed to the first central bank buying Bitcoin for reserves as evidence…

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