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On September 18, Matthew Sigel, Head of Digital Assets at VanEck, predicted that Bitcoin could return to the $100,000 mark in 2027, representing an increase of nearly 30% from the current price range.
According to Sigel, Bitcoin’s outlook in the near future could be supported by several factors, notably public debt pressure, reduced BTC volatility, and increased participation from institutional investors.
One of the key drivers is the growing scale of public debt. As governments face fiscal pressure and increasing debt levels, Bitcoin may be viewed by some investors as a hedge against risks associated with fiat currencies.
Sigel also pointed out that Bitcoin currently has significantly lower volatility compared to a few years ago. According to him, BTC’s volatility has decreased by about 50% compared to four years ago. This could make Bitcoin more acceptable to institutions, as volatility is one of the important factors when institutions assess the risk of an asset.
In addition, VanEck sees increasing demand from institutional investors. Sigel stated that through discussions with institutional clients, the company has observed that some sovereign wealth funds and investment advisors are buying Bitcoin.
The participation of this group of investors could expand the demand for Bitcoin, rather than the market relying solely on individual investor trading activities.
Another factor mentioned by Sigel is the U.S. Treasury’s bond buyback program. In his view, this activity could help add liquidity to the financial markets. When liquidity improves, risky assets like Bitcoin could receive additional support from market cash flows.
Meanwhile, options market data shows that investors are still prioritizing put options to hedge against downside risks. This indicates that market sentiment remains relatively cautious and there is no strong FOMO (fear of missing out) present.
According to Sigel, the continued demand for hedging by investors is noteworthy as Bitcoin aims for higher price levels. The market has not yet shown the excessive excitement that typically appears during strong speculative phases.
Overall, VanEck believes that Bitcoin’s outlook in 2027 is being shaped by a combination of factors: increasing public debt pressure, reduced Bitcoin volatility, increased institutional capital flows, liquidity supported by the U.S. Treasury’s bond buyback activities, and relatively cautious market sentiment.
Based on these factors, Sigel maintains the forecast that Bitcoin could return to the $100,000 mark in 2027. However, this remains a market forecast, and Bitcoin’s actual price will depend on liquidity developments, monetary policy, fiscal conditions, and capital flows in the coming period.
