[VanEck: Bitcoin is in the early stages of a bull market, with a long-term target aligned with gold's market value] According to Matthew Sigel, Head of Digital Asset Research at investment management firm VanEck, Bitcoin is currently in the early stages of a bull market, showing strong market performance. VanEck has set a mid-term target for Bitcoin's market value to reach half of gold's market value (approximately $500,000) and believes that in the long term, if Bitcoin can play a significant role in global energy trade, its price could reach $3 million by 2050. Sigel pointed out that Bitcoin's correlation with gold has reached a multi-year high, and the continuous inflow of institutional investors through channels such as spot ETFs has provided support for the market. Additionally, Bitcoin mining companies, due to their possession of scarce energy resources in the AI-driven economy, have seen significant increases in the value of their mining equipment and energy contracts, offering new opportunities for investors.