BlockBeats News, May 10th, VanEck's Director of Digital Asset Research, Matthew Sigel, stated in an interview with CNBC that he expects Bitcoin to retest its all-time high in the next 12 months. He pointed out that the current BTC correlation with the Nasdaq is near a 5-year high, with the resilience of the U.S. stock market driving this round of rebound. However, the derivatives market still lacks clear optimism, with the futures and options markets more reflecting short covering and hedging demand. Therefore, from a contrarian perspective, there may still be room for the trend to continue downwards.

Matthew Sigel also mentioned that a central bank has announced this year that it will include Bitcoin in its foreign exchange reserves, indicating that BTC is gradually shifting towards a global asset used for large-scale cross-border transaction settlements. He believes this is a major trend. In terms of investment direction, he expressed a stronger preference for the increase in Bitcoin's market dominance and Bitcoin mining enterprises benefiting from the AI integration trend. He stated that mining companies are becoming important beneficiaries of AI infrastructure, and as AI businesses grow, the pressure on mining companies to sell BTC for funding is decreasing.

Furthermore, Matthew Sigel believes that if the "CLARITY Act" is passed, it may reignite the sentiment in the altcoin market, but institutional investors are currently cautious about most altcoins due to regulatory and investor protection issues.