- VanEck predicts Bitcoin could reach $180,000 in 2025 amid rising institutional demand.
- Post-halving effects and Trump’s pro-crypto policies fueled Bitcoin’s bullish momentum.
Amid Bitcoin’s [BTC] remarkable surge, investment manager VanEck has set an ambitious target of $180,000 for the cryptocurrency in 2025.
During a recent CNBC interview, Matthew Sigel, VanEck’s head of digital asset research, highlighted the current rally as merely the beginning of a larger upward trend.
He said,
“We’re now in blue sky territory, no technical resistance, and we think we are likely to make repeated all-time highs over the next two quarters,”
How did Trump’s victory impact Bitcoin?
Since Donald Trump’s election victory, Bitcoin has surged by approximately 30%, driving a broader market rally.
For those unaware, BTC reached an impressive peak of nearly $93,490 on the 13th of November, as reported by TradingView.
However, as of the 15th of November, the momentum has slightly eased. At press time, Bitcoin was trading at around $88,100 after a 1.48% dip in the last 24 hours, signaling a brief cooling of its bullish trajectory.
Needless to say, the RSI remains bullish, holding strong at the 74 level. However, a pullback may be imminent as it sits in the overbought zone.
Source: Trading View
The recent surge in the crypto market, while partially linked to Trump’s election victory, was widely anticipated.
Analysts, including Jesse Myers, co-founder of OnrampBitcoin, have pointed out that the rally isn’t solely driven by political outcomes. Instead, the post-halving effect has also played a significant role.
“The main story here is that we are 6+ months post-halving.”
VanEck’s 6 figures Bitcoin target
Bitcoin’s current trends mirrored the aftermath of the 2020 elections, when Bitcoin’s value doubled in the months following Election Day. This suggested a combination of market cycles and election-driven sentiment is at play.
Seeing multiple factors at play, Sigel noted,
“Our target is $180,000. We think we could reach that next year.”
He added,
“That would be a 1,000% return from the bottom to the peak of this cycle, that is still the smallest Bitcoin cycle by far.”
Additionally, Sigel highlighted the increasing institutional interest in Bitcoin, underscoring a significant shift in sentiment among investment advisors.
He said that many of these advisors, who had previously steered clear of Bitcoin, are now showing a growing enthusiasm to incorporate it into their portfolios.
This was because Sigel noted a surge in inquiries from professionals seeking to capitalize on Bitcoin’s potential. These inquiries reflected its evolving status as a mainstream investment asset.
He added,
“The number of calls I’m getting inbound from investment advisors who are at zero and looking to get to 1% or at 1% and looking to get to 3%, these calls are starting to accelerate.”
Sigel hinted that the growing institutional interest could act as a major catalyst for Bitcoin’s price rally, fueled by increasing capital inflows.
What’s more?
Well, Sigel was not alone as Standard Chartered recently projected the overall cryptocurrency market cap could soar to $10 trillion by 2026, especially under a Republican-led administration fostering crypto-friendly policies.
However, not everyone shares this optimism.
For instance, renowned Bitcoin critic Peter Schiff voiced his skepticism on social media, criticizing the influence of Bitcoin advocates and questioning the asset’s long-term viability and noted,
“Bitcoin is only a threat to those who HODL it or invest in related businesses.”
