Bitcoin Could Hit $1M In 5 Years, VanEck Calls It The Base Case

VanEck Head of Digital Assets Research Matthew Sigel says Bitcoin (BTC) could reach $1 million per coin within roughly five years.

VanEck's Bitcoin Base Case

Sigel laid out the call on CNBC's Halftime Report on Wednesday, framing $1 million as the firm's base-case scenario rather than an outlier bet. He told the network the milestone could arrive inside half a decade.

Sigel pointed to demographic shifts and rising allocations from younger investors as the structural drivers, and he cited the first central bank purchase of Bitcoin for reserves as proof that adoption is moving past retail speculation.

To explain the trajectory, Sigel compared Bitcoin to the video game industry, arguing that an asset class once seen as niche tends to broaden across age groups, with newcomers rarely walking away.

Wall Street's $1M Chorus

Sigel's projection puts VanEck alongside Bitwise Chief Investment Officer Matt Hougan and Jan3 CEO Samson Mow, both of whom have floated seven-figure Bitcoin targets using different analytical frameworks.

Eric Trump, co-founder of American Bitcoin, echoed the same $1 million figure during a separate appearance on Wednesday, adding another high-profile voice to the bullish chorus.