VanEck's Sigel Sets $500k BTC Target Using Gold Market Cap Math
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VanEck's Sigel Sets $500k BTC Target Using Gold Market Cap Math
Half of gold's total market cap is the number. Bitcoin miners' power contracts are the trade underneath it.Key takeawaysVanEck's Matthew Sigel uses half of gold's market capitalization as his "north star" for Bitcoin, implying roughly $500,000 per BTC, achievable this cycle or the next.Sigel argues Bitcoin miners holding 10-to-20-year investment-grade power contracts now sit on the scarcest asset in the AI economy: contracted, dispatchable elect…
Illustrative image Photo: PexelsExecutive VanEck states that Bitcoin can reach $500,000 and quotes comparison with gold
Matthew Sigel, VanEck's head of digital asset research, believes that Bitcoin can reach the US$500,000 mark in this high-end cycle. At this stage, cryptocurrency would have a market value equivalent to half the market value of gold. At the time of this writing, Bitcoin is traded in the [...] Source: Bitcoin can reach US$500,000 in this cycle, says VanEck's executive See more news about Bitcoin. Follow Livecoins on Facebook, Twitter, Instagram an…
Matthew Sigel, head of digital asset research at VanEck, set a North Star target of $500,000 for Bitcoin (BTC), retracting his previous $180,000 target and presenting a $3 million scenario for 2050...
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