Bitcoin is starting to move slowly again as investors are once again looking at the $100,000 mark. After falling from the end of 2025 above $ 126,000, BTC is now trading near $ 81,000, supported by improving sentiment, strengthening interest around the US CLARITY Act, and strong corporate interests.
Spot Bitcoin ETFs received $2.44 billion in inflows in April 2026 alone, marking the strongest month since the peak of 2025. On May 6, Bitcoin ETFs recorded total inflows of $46.33 million, marking the fifth consecutive day of inflows.
Matthew Sigel’s VanEck Predicts $1 Million Bitcoin
Matthew Sigel, Director of Digital Assets Research at VanEck, made one of the boldest predictions however, saying that Bitcoin reaching $1 million is now a solid “bottom” case.
“Bitcoin is going up because of us that’s the big problem. We think this economy will reach a million dollars in the next few years,” said Sigel. CNBC interview.
To explain his point of view, Sigel compared Bitcoin to the video game industry. He also said that games were once seen as something for children, but today they are common in all walks of life, even mentioning that Elon Musk plays video games. According to Sigel, Bitcoin is following a similar path towards mass adoption.
“People don’t give up Bitcoin,” he said, pointing to the growing interest in money among young people and the fact that central banks are now starting to hold Bitcoin reserves. He described Bitcoin as a long-term “mega trend”, although he warned that the economy will remain volatile along the way.
Sigel believes that Bitcoin could reach $1 million within five years if adoption continues.
On-Chain Analysis Points to $93K Next
According to CryptoQuant researchers, the next major target for Bitcoin could be $93,000 due to the large CME divergence. BTC recently reached close to $83,000 as the total crypto market capitalization jumped to $2.73 trillion. Additionally, a massive 12% drop in oil prices and growing hopes for a US-Iran peace deal added new fuel to the crypto rally.
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