Nvidia's stock edged higher despite a broader chip sector decline, showing bullish options activity. This comes after a report claimed manufacturing delays for its next-gen server racks, which the company disputed.
Wall Street is valuing AI-leased megawatts significantly higher than those used for Bitcoin mining, with companies holding AI contracts trading at over 10x gross energy output compared to 2-6x for miners with no contracted capacity. This premium is being assigned before the capacity is fully built, creating a substantial funding gap.
Grayscale and VanEck have filed amended S-1 registration statements for their spot BNB ETFs, moving closer to potential SEC approval. BNB is the fourth-largest crypto by market cap but has not yet seen a US spot ETF, unlike Solana, Litecoin, and XRP.
Matthew Sigel of VanEck said Bitcoin could reach $1 million by the next US Presidential term. That puts a 1,150% increase as a 2031 target inside a market that is still trying to prove it can hold the $80,000 area. CryptoSlate's Bitcoin page shows BTC near $80,200 on May 9, with a market capitalization near […] The post Second Bitcoin ETF issuer predicts BTC hitting $1M – but cuts timeline to within the next US Presidential term appeared first on CryptoSlate.
VanEck’s Matthew Sigel says Bitcoin may reach $1 million in five years, comparing adoption trends to the video game industry’s shift to mainstream use.
VanEck analysts report bullish on-chain signals for Bitcoin, noting hash rate drawdowns historically resulted in 37.7% median gains 90 days later. Negative funding periods showed 11.5% average 30-day returns versus 4.5% overall, with returns jumping to 19.4% when funding dropped below -5%. Spot Bitcoin ETPs reversed five weeks of $4 billion outflows to net positive flows in six of seven weeks through April 11.
