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6 May 2026, 22:47

VanEck Forecast: Bitcoin Could Climb To $1,000,000 By 2031, Research Head Says

Bitcoin is trading just above the $81,000 level as the market waits to see whether the next move will push higher or pull back. Against that backdrop, Matthew Siegel, head of digital asset research at VanEck, reiterated his bullish view on the leading cryptocurrency. In a Wednesday interview with CNBC, Siegel again pointed to a dramatic upside scenario, saying he expects Bitcoin to potentially reach $1,000,000 within the next five years. Why Bitcoin May Persist Siegel compared Bitcoin’s staying power to a familiar arc from the tech world. “It’s going to be like the video game industry.” In the same spirit, Siegel argued that investors do not simply abandon Bitcoin and move on. “People don’t quit; they also don’t quit Bitcoin.” He added that the market is also being shaped by a larger structural shift, noting that the first central bank has begun buying Bitcoin for its reserves, which he called a “mega trend,” even if it will be “very volatile along the way.” Related Reading: Ripple CEO Warns: If CLARITY Act Markup Slips, Chances Fall ‘Precipitously’ Siegel also pointed to specific market conditions that he believes are helping support the current momentum. One factor is Bitcoin’s relationship with broader risk assets—particularly technology stocks. He said Bitcoin’s correlation with the Nasdaq has risen to a five-year high, helping explain why recent gains have appeared alongside a wider macro move. In other words, rather than Bitcoin moving in isolation, it has been trading more like a high-beta asset tied to technology-heavy indices. Another part of his argument focuses on the derivatives market. Siegel said he sees an absence of froth in derivatives, which he interprets as a sign that the rally is being driven more by short covering than by speculative overexuberance. Near $3 Million By 2050? VanEck’s research head has also made an even longer-term projection earlier this year, suggesting Bitcoin could climb to as much as $2.9 million per coin by 2050. That estimate, Siegel implied, is tied to a valuation framework based on Bitcoin’s potential role across two major markets: as a medium of exchange (MoE) and as a reserve asset for central banks. Related Reading: Strategy Reports Q1 Results: Over $12 Billion In Red Ink—Here Are The Key Figures Looking ahead to 2050, he predicted that Bitcoin would settle between 5% and 10% of global international trade, while also accounting for 5% of domestic trade transactions. Siegel further explained that, under a scenario where Bitcoin captures 20% of international trade and 10% of Gross Domestic Product (GDP), the model could produce an extremely high implied value—he said it could rise to $53.4 million per coin. Featured image created with OpenArt, chart from TradingView.com

6 May 2026, 22:14

Bitcoin’s post-quantum migration will be harder than Taproot and needs to start now, Project Eleven CEO says

Alex Pruden said the asymmetry between acting on a post-quantum signature scheme today and waiting for certainty about quantum-computing hardware timelines means Bitcoin developers should move from research into production.

6 May 2026, 21:45

ADP Employment Report Expected to Show Accelerated Private-Sector Hiring in April

BitcoinWorld ADP Employment Report Expected to Show Accelerated Private-Sector Hiring in April The ADP Employment Change report for April is set for release Wednesday, with economists forecasting a notable acceleration in private-sector hiring compared to the previous month. The data, which tracks nonfarm private employment changes across the United States, is widely viewed as an early indicator of the broader labor market health ahead of the official Bureau of Labor Statistics jobs report. What the April ADP Report Is Expected to Show Consensus estimates compiled by major financial data providers point to an increase of approximately 180,000 to 200,000 private-sector jobs added in April. This would mark a meaningful improvement from March’s ADP reading of 155,000, which came in below expectations and signaled a cooling labor market. The projected acceleration suggests employers may have stepped up hiring as spring began, supported by continued consumer spending and business investment in services and technology sectors. Key sectors expected to contribute include leisure and hospitality, education and health services, and professional and business services. Manufacturing and construction hiring, while more modest, may also show steady gains as supply chain conditions normalize and infrastructure projects advance. Why This Matters for the Broader Economy The ADP report is closely watched by investors, policymakers, and economists because it provides a high-frequency read on labor demand. While ADP data does not always perfectly align with the government’s official nonfarm payrolls figure, it offers valuable directional insight. A stronger-than-expected ADP number could reinforce the narrative that the U.S. labor market remains resilient despite elevated interest rates and lingering inflation concerns. Federal Reserve officials have repeatedly emphasized that labor market conditions will play a central role in their decisions on monetary policy. If hiring accelerates, the central bank may feel less urgency to cut rates, particularly if wage growth remains elevated. Conversely, a weaker ADP reading could add weight to arguments for rate reductions later this year. Implications for Workers and Businesses For job seekers, an acceleration in hiring would suggest continued opportunities across multiple industries, though competition for certain skilled roles remains intense. Employers, meanwhile, face ongoing challenges around wage pressure and talent retention, particularly in sectors where labor shortages persist. Small and medium-sized businesses, which make up a significant portion of ADP’s surveyed payroll data, may provide the clearest signal of Main Street economic conditions. What to Watch in the Data Beyond the headline number, analysts will examine the breakdown by establishment size. Large firms with 500 or more employees have been more consistent in adding jobs, while small businesses with fewer than 50 employees have shown more variability. The goods-producing versus service-providing split will also offer clues about sectoral shifts. Additionally, wage growth data embedded in the ADP report—tracking year-over-year pay changes for job stayers and job changers—will be scrutinized for signs of easing or persistent inflation pressure. Conclusion The April ADP Employment Change report arrives at a critical juncture for the U.S. economy. With inflation moderating but still above the Fed’s target, and with geopolitical uncertainties persisting, labor market data remains one of the most reliable indicators of economic momentum. A solid hiring number would support the view that the expansion remains on track, while any disappointment could reignite recession fears. Investors and policymakers alike will be parsing the details closely. FAQs Q1: What is the ADP Employment Change report? The ADP National Employment Report measures the change in total nonfarm private employment in the U.S. each month, based on payroll data from approximately 25 million employees. It is published by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab. Q2: How does the ADP report differ from the official jobs report? The ADP report covers only private-sector payrolls and excludes government employment. It also uses a different methodology and sample than the Bureau of Labor Statistics’ nonfarm payrolls report, which surveys about 131,000 businesses and government agencies. The two figures often differ but tend to move in the same direction. Q3: Why does the ADP report matter for financial markets? Because the ADP report is released two days before the official jobs report, it provides an early snapshot of labor market conditions. Traders and investors use it to adjust expectations for interest rates, consumer spending, and overall economic growth. A significantly higher or lower reading can move stock and bond markets. This post ADP Employment Report Expected to Show Accelerated Private-Sector Hiring in April first appeared on BitcoinWorld .

6 May 2026, 20:10

Project Eleven has warned that “Q-Day" could arrive as early as 2030

A new analysis by Project Eleven warns that “Q-Day,” the hypothetical point when quantum computers can break widely used public-key cryptography, could arrive as early as 2030, potentially putting millions of bitcoins at risk. The estimate builds on recent demonstrations and academic work showing rapid progress in quantum attacks against elliptic curve cryptography, the mathematical foundation underpinning Bitcoin and other blockchain systems. Project Eleven and related research suggest roughly 6.9 million BTC may already be exposed under certain conditions, particularly where public keys are visible on-chain. Nearly 7 million BTC could be exposed on Q-Day The warning follows a recent milestone in which a researcher derived a private key from a public key using quantum hardware in a controlled experiment. Project Eleven said on April 24 that the result represents “the largest public demonstration to date” of such an attack class, Cryptopolitan reported. “The resource requirements for this type of attack keep dropping, and the barrier to running it in practice is dropping with them,” Chief Executive Alex Pruden said on April 24. The experiment targeted ECDSA (Elliptic Curve Digital Signature Algorithm), the cryptographic scheme used by Bitcoin to sign transactions and prove ownership. It relies on the hardness of the elliptic curve discrete logarithm problem, which quantum algorithms such as Shor’s algorithm are designed to solve. While the demonstration involved a small-scale key far below Bitcoin’s production standards, researchers say it illustrates a trajectory of accelerating capability. Framing the risk: Mosca’s inequality The findings are often contextualized using Mosca’s inequality, a framework stating that systems are at risk if the time needed to migrate to quantum-safe cryptography exceeds the time until quantum attacks become viable, minus the time data must remain secure. Under this framing, even uncertain timelines can imply immediate action if migration timelines are long. Industry guidance from standards bodies already treats post-quantum transition as a multi-year effort, reinforcing concerns about coordination delays. Project Eleven’s estimates align with broader industry analysis suggesting millions of bitcoin could be vulnerable in a worst-case quantum scenario, particularly those associated with reused addresses or previously revealed public keys. Separate research cited by Google in March 2026 similarly warned that advances in quantum computing could reduce the resources needed to break Bitcoin’s cryptographic assumptions, potentially enabling private keys to be derived rapidly once exposed. “The timelines are pushing from both ends. The quantum computers are getting more capable,” Pruden said in comments reported on March 31. Migration debate and proposed Bitcoin quantum upgrades The findings are likely to intensify debate around protocol changes such as BIP-361 — a proposed Bitcoin Improvement Proposal outlining a transition to quantum-resistant signature schemes. Advocates argue that early migration is essential due to Bitcoin’s decentralized governance, where upgrades require broad consensus and extended implementation periods. Critics, however, caution that current quantum hardware remains far from breaking real-world 256-bit keys and warn against overinterpreting early-stage experiments. Despite the warnings, experts remain divided on timing. Some argue that current demonstrations remain far from practical attacks on Bitcoin, noting that the gap between small-scale experiments and full cryptographic breaks is still substantial. Others point to falling qubit requirements and accelerating research as evidence that preparation windows may be narrowing faster than expected. Project Eleven said its projections should be viewed as risk-based scenarios rather than precise forecasts, emphasizing the need for early coordination across the ecosystem. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

6 May 2026, 19:52

Cardano’s Hoskinson Officially Addresses Claims of Prioritizing Governance Over Scaling‬

Charles Hoskinson has pushed back against persistent criticism that Cardano’s leadership has prioritized governance over network scaling, calling the narrative misleading and frustrating. In a detailed post on X, the Input Output founder and Cardano architect stressed that scaling efforts began well before the Shelley era, with research dating back to at least 2018. The

6 May 2026, 18:48

Bitcoin to reach $1M within five years - VanEck’s crypto research head

More on Bitcoin USD, iShares Bitcoin Trust ETF Breakout Time For Cryptos? Bitcoin At $80K; BTC And ETH Technical Outlook Bitcoin Holds Above $80K As Middle East Tensions Weigh April Closed Near $79K; The First Four Days Of May Tell A More Complicated Story Weekly ETFs: Eight of 11 sectors record outflows; financial sector leads inflows Crypto stocks inch up post news about compromise on key provision in crypto bill