Svmuureports that Matthew Sigel, Head of Digital Asset Research at VanEck, stated that the price of Bitcoin is expected to reach $1 million within the next 5 years. He likened Bitcoin's adoption path to a video game, progressing from an early niche group towards mass adoption, and is particularly optimistic about younger investors continuously increasing their allocations.
However, this prediction is still aggressive compared to the current price of around $80,000, and similar optimistic views in the market largely come from institutions holding positions.