Matthew Sigel, VanEck Crypto Research Head: News and Public Statements
Matthew Sigel is Head of Digital Assets Research at VanEck and Portfolio Manager for the VanEck Smart Contract Leaders Fund, which offers diversified exposure to Layer 1 blockchains. As of 2025, VanEck manages more than USD 100 billion in assets, with Sigel directing all crypto investment strategy and market research. His macro‑crypto outlook is informed by past experience in equity analysis at Credit Suisse and AllianceBernstein. Sigel produces regular content for institutional and retail investors, focusing on Bitcoin fundamentals, smart contract valuation, regulatory risk, and token performance modeling.
A widely discussed projection released in Q4 2024 forecast Bitcoin reaching USD 180,000 by the end of 2025, attributing this to cyclical network growth and favorable monetary policy conditions. Sigel’s insights on market structure, ETF demand, and Ethereum-Bitcoin divergence were cited in Bloomberg, Yahoo Finance, and multiple DeFi podcasts. His “Trends with Benefits” blog series, co‑authored with Jan van Eck, analyzes on‑chain signals and sentiment data across major tokens. In February 2025, Sigel published a review of his 2024 crypto predictions, noting 11 out of 15 signals correctly anticipated institutional inflows and price action within a 15 percent margin. With one of the most followed research pipelines in the industry, Sigel continues to inform digital asset strategy across North American and EMEA capital markets.
Claim that FTX's old Bitcoin mines could give every American $2,500 disputed, Matthew Sigel notes
Matthew Sigel questioned a claim from The Economist that the owner of FTX's old Bitcoin mines could give every American $2,500 and still have $75 billion left. Sigel suggested skepticism toward ...
Matthew Sigel: META 3Q26 earnings could be positive for CLSK and APLD
META is set to report its earnings after the market close, with Matthew Sigel suggesting third-quarter 2026 results could have a positive implication for CLSK and APLD among payment service ...
Investor could pursue board seats at IOND shell, Matthew Sigel notes
Investor activism may be emerging at the powered shell company IOND, where Ionic holds a triple net lease with Nscale for 234 MW. Matthew Sigel suggested that an investor could be seeking board ...
Matthew Sigel: Goldman Sachs upgrades CoreWeave to buy with $106 price target
Goldman Sachs has upgraded CoreWeave from neutral to buy and set a price target of $106, down from its previous target of $139. The investment bank noted that CoreWeave shares have declined 43% ...
Blackwell Ultra GPU rental prices set new record after 17-day increase, Compute Desk reports
Blackwell Ultra (B300) GPU rental prices have increased for 17 consecutive days, reaching a new all-time high, according to Compute Desk's index of verified transactions from U.S. neocloud ...
Matthew Sigel: FRMI rises 20 percent after AMD backs Project Matador lease; CIFR falls after $850 million bond
FRMI rose 20 percent following the announcement of a credit support agreement with AMD, supporting a lease for phase 1 of Fermi's Project Matador, which is set for 222MW. Matthew Sigel also ...
BTDR secures long-term agreement for Malaysian facility, Matthew Sigel notes
BTDR announced an additional 8-year agreement for the Malaysian facility it is leasing, bringing its total secured capacity to 333.5MW out of a 350MW target for delivery by the first quarter of ...
Matthew Sigel: Firmus $30 billion IPO failure is healthy for sector
Matthew Sigel criticized the failed $30 billion IPO attempt by Firmus, calling out lead bankers JPM, MS, and BofA for trying to unload the deal on public investors. He noted that data center ...
Utilities surge as markets price in datacenter contract optimism, Matthew Sigel notes
Matthew Sigel highlights a rally in utility stocks, citing analysis from BofA that investors have grown more confident in the continued execution of datacenter contracts despite regulatory ...
Matthew Sigel: CME cancels 24/7 oil trading plans due to staffing concerns
Matthew Sigel commented on CME’s recent decision to abandon its proposed 24/7 oil trading initiative. He noted that the announcement was made at 5 p.m. on a Friday, citing staffing concerns as ...
APLD reaches 250MW at Polaris Forge 1 with more capacity coming, Matthew Sigel notes
Matthew Sigel reports that APLD has achieved ready-for-service status for an additional 75MW at its Polaris Forge 1 site, bringing the operational total to 250MW. The site now has 400MW leased to ...
Matthew Sigel: Government is largest sector in 19 U.S. states in 2025 BEA data
Matthew Sigel shared insights from a trivia game played with a 13-year-old, focusing on the largest economic sector in each U.S. state. After verifying their guesses with data, Sigel found that ...
Microsoft Cloud ROIC seen dropping to 37% in FY26, Matthew Sigel estimates
Matthew Sigel highlights insights from JPMorgan regarding Microsoft Cloud's return on invested capital (ROIC). According to JPMorgan, the ROIC for Microsoft Cloud is estimated to be around 37% ...
Matthew Sigel: TLN unveils accelerated buyback covering 10 percent of market cap
Matthew Sigel reports that TLN has announced an aggressive, accelerated buyback after market close, targeting 10 percent of its market cap over two quarters. The buyback is funded by monetizing ...
BTDR adds over 7MW of homemade ASICS to Texas wind-powered data center, Matthew Sigel notes
Matthew Sigel reports that BTDR is deploying more homemade ASIC machines into Soluna's wind-powered Dory Creek data center in Texas. He notes that Soluna manages the site, power, and operations, ...
Matthew Sigel: Blockchain data supports fundamentals despite recent weakness
Matthew Sigel explains that the weakness observed over the last two days can be understood in the context of strong fundamentals, as indicated by blockchain data. Sigel cites ongoing positive ...
Blackstone raises AI investment to multiple times original plan, Matthew Sigel notes
Matthew Sigel reports that Blackstone has increased its investment plans for AI TPUs, raising its target from $5 billion and 500MW to 'several multiples' of the initial plan. The move could see ...
Matthew Sigel: BTBT creates new category for strategic asset company comparison
Matthew Sigel highlights that BTBT has introduced a new category, labeling itself as a 'Strategic Asset Company.' According to Sigel, the company has defined this category based on its own ...
Related-party payments surpass SkyAI market value, Matthew Sigel points out
Matthew Sigel draws attention to payments made between related parties that reportedly surpass the entire market value of SkyAI. Sigel acknowledges another user's observation about the magnitude ...
Matthew Sigel: Common shares rose by 1.13 billion from Bitcoin pivot to June 2026
Matthew Sigel highlights that common shares increased by about 1.13 billion from the Bitcoin pivot through June 2026. Over 60% of these were issued after June 2025, following the peak in the ...
Sei-network:native raises full-year outlook and projects Q127 $200-240 million EBIDTA, Matthew Sigel notes
Matthew Sigel reports that sei-network:native has pre-announced positive expectations for both Q3 and Q4 and has raised its full-year guidance. The company now projects Q127 EBITDA between $200 ...
