Bitcoin could climb to $100,000 by next year, according to VanEck's head of digital assets research, Matthew Sigel. He points to mounting fiscal pressure in the U.S. and shifting liquidity co
Bitcoin could climb to $100,000 by next year, according to VanEck's head of digital assets research, Matthew Sigel. He points to mounting fiscal pressure in the U.S. and shifting liquidity conditions as factors that will continue to support crypto demand.
Speaking to CNBC on Squawk Box Asia, Sigel said concerns around government debt levels and market liquidity remain central to Bitcoin's price outlook.
He pointed out that Bitcoin's volatility has dropped by roughly 50% compared to four years ago. He called it a defining shift from the previous market cycle.
Heavily indebted governments, he argued, are inadvertently helping Bitcoin stay resilient. Demand for downside protection and short covering tied to the Treasury's bond buyback program are adding to a more favorable setup for bulls.
Sigel also said policymakers are unlikely to seriously tackle what he described as an unsustainable fiscal dynamic, and that any future easing in liquidity would likely give Bitcoin's price further momentum.
“Very unlikely that policymakers are going to address this unsustainable fiscal dynamic, and then as and if liquidity eases, you know that would be a turbocharge for Bitcoin,” Sigel said.
During the interaction, Sigel told CNBC that his conversations with institutional clients, including financial advisors and sovereign wealth funds, show sustained buying interest in Bitcoin even though it remains a volatile asset.
That, he noted, signals large investors continue to treat Bitcoin as a strategic allocation rather than a speculative bet.
VanEck also expects stablecoins to keep expanding. Sigel flagged ongoing friction between lawmakers and the banking lobby, though, over rules that were already settled under last year's GENIUS Act.
That dispute comes days after the U.S. Senate failed to advance the Clarity Act, a bill meant to bring clearer market-structure rules for digital assets, leaving regulatory uncertainty in focus even as institutional appetite for crypto stays firm.
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