Matthew Sigel, Head of Digital Asset Research at VanEck, expressed optimism about Bitcoin's potential to reach its all-time highs within the next 12 months, despite a nearly 50% pullback from its 2025 peak. In an interview with CNBC, Sigel noted that current market sentiment remains cautious, resembling a short-covering rally rather than extreme optimism, suggesting further upside potential. Sigel also highlighted the potential impact of the Clarity Act, which, if passed, could accelerate institutional investment in the crypto market. However, he remains cautious about altcoins, favoring Bitcoin and opportunities in AI-driven mining companies.