VanEck: Bitcoin Poised to Reach Key Level by Next Year Amid Fiscal Concerns
Asset manager VanEck says growing worries over government debt and deficits are driving institutional demand for bitcoin, according to a CNBC report.
Asset management firm VanEck has forecast that bitcoin is set to reach a significant price level by next year, as fiscal concerns among governments continue to support demand for the cryptocurrency, CNBC reported.
According to the report, VanEck's Sigel said that conversations with institutional clients — ranging from financial advisors to sovereign wealth funds — indicate that these groups are broadly buying bitcoin.
The comments point to fiscal worries, such as concerns over government debt and deficits, as a key factor propping up demand for bitcoin among institutional investors, per the report.
CNBC did not specify further details on the exact price target VanEck expects bitcoin to reach or the timeline for institutional buying activity described by Sigel.
The report was published by CNBC on September 18, 2026.
Sources
- Bitcoin is set to hit a key level by next year as fiscal worries prop up the cryptocurrency: VanEck — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Ethiopia: Government Restricts Bitcoin Mining to Preserve Nile Waters
Faced with drought linked to El Niño, Addis Ababa is limiting the activities of cryptocurrency companies, mostly Chinese, operating in the country to take advantage of its hydroelectric potential.
Two Crypto Billionaires Donate £72 Million Combined to Reform UK, BBC Reports
BBC Politics highlights donations of £36 million each from Ben Delo and Christopher Harborne, raising questions about political funding
Labour Says Reform UK Crypto Tax Plan Would Hand £500m to Wealthy Investors
Analysis published by the Labour Party claims a Reform UK proposal to cut capital gains tax on cryptocurrency would benefit a small number of wealthy investors over five years.
Dangote Refinery's $1.6 Billion Share Offer Seen as Out of Reach for Many Nigerians
Africa's richest man, Aliko Dangote, is seeking $1.6 billion from investors to fund a major expansion of his oil refinery, but analysts say the offer may be unaffordable for ordinary Nigerians.
Venezuela's PDVSA Signs Energy Cooperation Deal with TotalEnergies Subsidiary
Acting President Delcy Rodriguez oversaw the signing of an agreement between state oil company PDVSA and TotalEnergies E&P New Ventures in Caracas, according to Anadolu Agency.
Fair Featuring Veteran-Owned Businesses and Craft Producers Held at Carpathian Economic Forum
Event brought together local artisans and businesses run by veterans as part of a wider regional economic gathering
Comments
Loading comments…