PANews reported on May 10th that Matthew Sigel, Head of Digital Asset Research at VanEck, stated in an interview with CNBC that he expects Bitcoin to retest its all-time high within the next 12 months. He pointed out that the current correlation between BTC and the Nasdaq is near a 5-year high, with the resilience of US stocks driving this rebound. However, the derivatives market still lacks significant optimism, with the futures and options markets reflecting more short covering and hedging demand. Therefore, from a contrarian perspective, the rally may still have room to continue.

Matthew Sigel also stated that one central bank has already announced the inclusion of Bitcoin in its foreign exchange reserves this year, indicating that BTC is gradually shifting towards becoming a global asset used for large-scale cross-border transaction settlements. He believes this is a major trend. Regarding investment direction, he expressed greater optimism about Bitcoin's increasing market share and Bitcoin mining companies benefiting from the trend of AI integration. He stated that mining companies are becoming significant beneficiaries of AI infrastructure, and as AI businesses grow, the pressure on mining companies to raise funds by selling BTC is decreasing. Furthermore, Matthew Sigel believes that if the CLARITY Act is passed, it could reignite sentiment in the altcoin market, but currently, institutional investors remain cautious about most altcoins due to regulatory and investor protection concerns.