VanEck: Bitcoin Could Rise to $100,000 Next Year, Supported by Fiscal Concerns

VanEck Head of Digital Assets Research Matthew Sigel told CNBC in an interview that Bitcoin could surge to $100,000 next year, as concerns over government debt and fiscal sustainability underpin its price. Bitcoin’s volatility has fallen by roughly 50% compared to four years ago, a clear indicator that this cycle differs significantly from the previous one. Widespread over-indebtedness among global governments has helped Bitcoin maintain its resilience, he added. Sigel also noted that put options are trading at a substantial premium to call options, and the U.S. Treasury’s repurchase (repo) program has triggered a large wave of short covering, making the current time window favorable for Bitcoin bulls. Policymakers are unlikely to resolve unsustainable fiscal conditions, and further easing of market liquidity would provide an even stronger boost to Bitcoin. Discussions between VanEck and institutional clients including investment advisors and sovereign wealth funds show that these entities are all buying Bitcoin. VanEck also forecasts that the stablecoin market will continue to grow. While stablecoin regulation has been enacted into law via the GENIUS Act, banking lobby groups are still attempting to renegotiate the relevant arrangements. Earlier, the U.S. Senate failed to advance the Clarity Act, which aimed to establish a regulatory and market structure framework for crypto assets.