VanEck executive: bitcoin is expected to return to its all-time high in the next 12 months

ChainCatcher reports that Matthew Sigel, Head of Digital Asset Research at VanEck, said in an interview with CNBC that he expects Bitcoin to revisit its all-time high within the next 12 months. He pointed out that the current BTC correlation with Nasdaq is near a five-year peak, with the resilience of US stocks driving the recent rebound. However, the derivatives market still lacks clear optimistic sentiment; futures and options markets mainly reflect short covering and hedging needs. Therefore, from a contrarian perspective, the market may still have room for continuation.

Matthew Sigel also stated that this year, a central bank has already announced the inclusion of Bitcoin in its foreign exchange reserves, indicating that BTC is gradually becoming a global asset used for large-scale cross-border transaction settlements. He believes this represents a major trend. Regarding investment direction, he said he is more optimistic about the rising market share of Bitcoin and Bitcoin mining companies benefiting from the trend of AI integration. He noted that mining companies are becoming important beneficiaries of AI infrastructure, and as AI business grows, the pressure on miners to sell BTC for fundraising is decreasing. Additionally, Matthew Sigel believes that if the CLARITY Act passes, it could reignite sentiment in the altcoin market, but currently institutional investors remain cautious about most altcoins due to regulatory and investor protection concerns.