VanEck claims Bitcoin could reach $1 million within five years and compares its adoption trajectory to video games.

CoinFeed reported on May 7th that, according to The Block, Matthew Sigel, head of digital asset research at VanEck, stated in an interview with CNBC that Bitcoin could reach $1 million within five years. He pointed to the allocation intentions of young investors and demographic trends as key factors supporting this judgment. Although Bitcoin's all-time high has not exceeded $126,000, Bitwise's chief investment officer and Eric Trump recently made similar predictions. Sigel compared Bitcoin's adoption trajectory to the development of the video game industry: thirty years ago, only children played video games; now, people of all ages are involved. He stated that people will not give up gaming, nor will they abandon Bitcoin, noting that the first central bank has already included Bitcoin in its reserves, representing a super trend, but with significant volatility still expected.