VanEck Research Director: BTC is expected to reach $180,000 next year, but corporate adoption is still insufficient.

Odaily Planet Daily reported that Matthew Sigel, Head of Digital Asset Research at VanEck, stated on the Coin Stories podcast that Bitcoin's price could reach as high as $180,000 by 2025, noting that key indicators such as funding rates, unrealized profits, and retail speculation are the basis for this prediction. Sigel mentioned that VanEck has been "bullish on Bitcoin" since 2017. However, he believes that there is still a long way to go for corporate adoption of Bitcoin.

He noted that many traditional asset management firms, such as Morgan Stanley and Merrill Lynch, are owned by banks and brokerages, and their progress in incorporating $BTC into financial strategies has been slow. They are hindered by their heavily regulated structures and reliance on traditional asset allocation models, such as the 60-40 portfolio, which have not yet adapted to accommodate $BTC ETFs.

Sigel stated that this also indicates that about 80% of $BTC ETF holders are retail or high-net-worth investors, who either diversify their investments from self-custody or expand existing positions. He added that institutional asset management firms have not yet made significant moves into this space.