VanEck's Sigel sets $500K as bitcoin's 'North Star', sees $3M by 2050
- —Sigel called $500,000 bitcoin's "North Star" for this cycle or the next
- —The earlier $180,000 target was withdrawn in favor of risk management over short-term calls
- —VanEck's long-term model allows for $3 million per BTC by 2050
- —Spot ETFs and CME-based exposure changed market structure and eased custody risks
Why it matters: A major asset manager's target gives institutional investors a long-term framework for valuing bitcoin as a gold alternative.
Source: Blockmedia