CoinTelegraph
VanEck's Matthew Sigel still expects Bitcoin to reach $100,000 next year and says it could hit $500,000 by 2029 if the market cycle plays out as usual. The nearer target is the stated expectation, while the larger figure remains conditional.
Why it matters
The forecast is a cycle-based thesis rather than a short-term trading signal. It places the $100,000 milestone ahead as the more immediate reference point and frames $500,000 as the upside case if Bitcoin follows the pattern Sigel expects.
The call also puts VanEck's institutional research lens on Bitcoin's long-range valuation debate. Its central distinction is between a nearer expectation and a much larger scenario tied to the cycle condition.
Market impact
For investors, the $100,000 level is the first benchmark for testing the forecast. The $500,000 case is not presented as a guaranteed path, so the cycle condition remains central to the bullish view.
The thesis can be measured against Bitcoin's progress toward the nearer milestone and whether the market cycle continues to resemble the pattern underlying Sigel's view.
Frequently asked questions
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What role does the $100,000 level play in Sigel's outlook?
It is the more immediate reference point and the first benchmark for testing the forecast. Sigel expects Bitcoin to reach it next year.
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What condition is attached to Bitcoin reaching $500,000?
Sigel says Bitcoin could reach $500,000 by 2029 if the market cycle plays out as usual. The larger target remains conditional.
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Is the $500,000 figure a guaranteed Bitcoin price path?
No. The body frames it as a conditional upside case and a long-range thesis rather than a guaranteed path or a short-term trading signal.
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Why does VanEck matter to this long-range Bitcoin forecast?
The call puts VanEck's institutional research lens on Bitcoin's long-range valuation debate.
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How can investors test the cycle-based thesis?
They can compare Bitcoin's progress toward the nearer milestone with whether the market cycle continues to resemble the pattern underlying Sigel's view.
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