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Matthew Sigel, head of digital asset research at VanEck Research, posted on the X platform that the U.S. strategic bitcoin reserve could help offset the national debt, and the agency has modelled this and released a tool on its website. In response, Cynthia Lummis, chairperson of the US Senate Banking Subcommittee on Digital Assets, said that relevant tools are cool and worth promoting, and bitcoin solves the problem of reducing national debt.
VanEck Digital Assets Chief Research Officer Matthew Sigel said bitcoin is the only cryptocurrency suitable for U.S. government reserves because it is fundamentally different from all other digital assets.
Matthew Sigel, head of digital asset research at VanEck, retweeted the "Second Foundation" tweet on the X platform, with the caption saying that the Ethereum Foundation is not the only entity that can write the future of Ethereum.
A report authored by Matthew Sigel, head of digital asset research at VanEck, assesses the Central American country's experience with bitcoin and its positive impact. The report notes that nearly 8% of Salvadorans will use bitcoin for transactions in 2024, a "meaningful step" for a country that has traditionally had a low adoption of electronic payments, in addition to the country's bitcoin reserves already accounting for 1.6% of GDP. VanEck's analysis suggests that, given Trump's strong support...
Matthew Sigel, head of digital asset research at VanEck, said: "It is the Gary Gensler-led SEC that is breaking with the long tradition of rules-driven regulation through enforcement. A return to the usual disclosure-based system will create room for more innovation in the space... I think the likelihood of a Solana ETF going public by the end of next year is extremely high."
Matthew Sigel, head of digital asset research at VanEck, wrote on the X platform: "VanEck supports strategic bitcoin reserves. No need to quote'sources' - we will announce it ourselves." Fox reporter Eleanor Terrett previously quoted sources as saying that BlackRock has not established a strategic bitcoin reserve.
Matthew Sigel, head of digital asset research at VanEck, said bitcoin is in "blue sky territory" and expects the cryptocurrency's price to reach $180,000 by 2025. He said bitcoin's record-breaking gains since the US election are expected to continue.
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