What’s Next for Bitcoin? VanEck’s Sigel on the Crypto Plunge and Outlook
This was supposed to be the year that cryptocurrencies went mainstream. Instead, bitcoin collapsed by more than 30% starting in October, inflicting huge losses on investors who had piled into crypto exchange-traded funds at a record pace just months before. What drove that massive selloff? And is the long-term bull case still in play?
We sat down with Matthew Sigel, head of digital assets research at VanEck, who shared his view of the catalysts for this year’s “crypto mini winter,” along with the long-term forces he expects to continue driving crypto adoption.
Prior to joining VanEck, Sigel was a widely followed strategist at CLSA. He walked us though the drivers of the bitcoin selloff, especially the leverage-driven selling that…
