VanEck Details Key Drivers Boosting Bitcoin Price, Including Corporate Treasury Demand, ETF Flows and More

Description

An analyst from one of the largest asset managers in crypto is outlining the key drivers behind Bitcoin’s ( BTC ) historic bull run. Matthew Sigel, the head of digital assets research at VanEck, says on the social media platform X that BTC is now up 30% year-to-date, outpacing gold (+27%), the MSCI ACWI (+11%) and the S&P 500 (+7%). “This rally reflects deepening institutional engagement, favorable macro conditions, and emerging policy clarity.” Sigel notes that corporate treasuries are driving ...