VanEck Analyst Sees $500,000 Bitcoin Through Gold

VanEck's Matthew Sigel outlined a route to a $500,000 Bitcoin that goes through gold.

Power contracts held by Bitcoin miners could be among the most scarce assets in the artificial intelligence economy. Matthew Sigel, who leads digital assets research at VanEck, outlines how AI reshaped the value of mining energy agreements, how leases spanning 10 to 20 years with investment-grade partners changed miners' relationship with Bitcoin, and why he sees an "underappreciated optionality."

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