2 hours ago
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Key Takeaways
- Sovereign wealth funds and central banks are buying despite retail exit.
- VanEck targets Q4 2026 as the optimal full-position entry point.
- Weak hands chasing AI are creating the dip, not structural sellers.
- Mainstream adoption peaked when US political leadership embraced Bitcoin publicly.
When the CNBC host asked whether this time might be fundamentally different for Bitcoin, Matthew Sigel, Head of Digital Assets Research at VanEck, pushed back directly.
“This time is fundamentally the same,” Sigel said, “which is that there’s a four-year cycle to this asset. It’s highly cyclical. There’s no buyer of last resort.”
The four-year cycle framing places the current drawdown within a recognizable historical pattern rather than treating it as structurally novel. What Sigel acknowledged as different is not the cycle itself but what is competing against Bitcoin for capital in this particular phase of it. “Right now you have a narrative and a reality in the market around AI, which is ...
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