VanEck Sees Bitcoin Reaching $500,000 Through Gold, and Explains How

Analysts from investment management company VanEck today issued a bullish outlook for Bitcoin , convinced that the digital asset could reach $500,000 in the near term. An analysis report prepared by Mathew Sigel , a senior researcher at VanEck, and his team today revealed that the cryptocurrency is poised to gain 5x in the medium term, indicating a realistic $500,000 reach by 2030 to 2035. Why VanEck is bullish on BTC The VanEck data pointed out that BTC is still in the early stages of a bull market, with indicators showing it is in the beginning of a new upward…