Matthew Sigel, Head of Digital Assets Research at VanEck, predicts Bitcoin will reach its all-time high within the next year, driven by its strong correlation with the Nasdaq index and the resilience of U.S. equity markets. Despite the lack of clear bullish sentiment in derivatives markets, Sigel suggests Bitcoin's upward momentum could continue, supported by its growing role as a global asset for cross-border settlements. Sigel also highlights the potential of Bitcoin mining companies, which are benefiting from AI integration, reducing the need to sell BTC for financing. He notes that the passage of the CLARITY Act could boost altcoin market sentiment, though institutional investors remain cautious due to regulatory concerns.