VanEck's Head of Digital Assets Research Predicts Bitcoin Could Reach New All-Time High This Year

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Cointime2024/01/18 08:15

By:Cointime

Matthew Sigel, the head of digital assets research at VanEck, has expressed bullish sentiment on Bitcoin, stating that it could surpass its all-time high of $69,044 this year. Sigel believes that the upcoming contentious election could provide an opportunity for change and pro-Bitcoin policies. He also attributes Bitcoin's late 2020 gains to a weaker dollar and various macro factors, such as Nigeria reversing its bank bans and Argentina's acceptance of Bitcoin for contract settlement. Bitcoin is currently trading at $42,660.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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