VanEck forecasts BTC price to hit $10K to 12K in Q1,$30K by Q3 | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
VanEck forecasts BTC price to hit $10K to 12K in Q1,$30K by Q3
Investment manager VanEck’s head of Digital Assets Research Matthew Sigel predicts Bitcoin (BTC) will hit $10,000 to $12,000 in the first quarter, which will mark the bottom of the bear market.Sigel added that prices will fall to these levels “amid a wave of miner bankruptcies.”. In the company statement, Sigel reported that the MVIS Global Digital Assets Mining Index median market cap now rests at $180 million, “with nearly all constituents burning cash and trading well below book value. Sigel also predicted that Ripple losing the SEC lawsuit “may coincide with this final downdraft, which would take out nearly the entirety of the post-2020 halving bull market.”
