VanEck Executive Predicts Bitcoin Recovery, Firm Buying BTC Amidst Market Sell-Offs
VanEck, a financial company, is purchasing Bitcoin, as stated by Matthew Sigel, the head of digital assets research. Sigel notes that recent selling by the German and US governments, as well as bankruptcies, have driven down the price of Bitcoin. However, he believes that Bitcoin will recover due to a seasonal pattern and the potential for reckless fiscal policy in the US. VanEck has launched spot exchange-traded funds tied to Bitcoin and Ethereum, and has filed an application for a Solana ETF with the SEC. Bitcoin is currently trading at $59,076.
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