- 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.
As a seasoned analyst with over two decades of experience navigating global financial markets, I find VanEck’s prediction of Bitcoin reaching $180,000 by 2025 to be an intriguing prospect. The current rally, fueled by rising institutional demand and Trump’s pro-crypto policies, could indeed signal the beginning of a larger upward trend.
In light of Bitcoin’s impressive rise, investment firm VanEck aims to reach a lofty goal of $180,000 per Bitcoin by the year 2025.
In a recent conversation with CNBC, I, as a researcher at VanEck, pointed out that the ongoing rally in the digital asset market could be just the start of a more significant upward trajectory.
He said,
Currently, we find ourselves in an area where there’s no more technical barriers, and our forecast suggests that we might repeatedly achieve new record highs within the next six months.
How did Trump’s victory impact Bitcoin?
Following Donald Trump’s win as President, Bitcoin has experienced a nearly 30% increase, fueling a larger market upswing.
If you haven’t heard, Bitcoin (BTC) hit a remarkable high of almost $93,490 on November 13th, according to data from TradingView.
As of November 15th, the pace has softened somewhat. Currently, Bitcoin is being traded at approximately $88,100, following a 1.48% decrease over the past day, indicating a temporary halt in its upward trend.
It’s clear that the Relative Strength Index (RSI) continues to indicate a bullish trend, maintaining its position at 74. Yet, there might be a potential reversal approaching since it currently resides within the overbought territory.
As an analyst, I’ve observed that the recent escalation in the cryptocurrency market wasn’t entirely unexpected, with some of its growth attributable to the 2016 U.S. Presidential Election victory of Donald Trump. However, it was a trend that many, including myself, had predicted would occur over time due to various factors influencing the market.
As an analyst, I’ve observed that while political events can influence market trends, they aren’t the sole factor driving the current rally. The post-halving effect, as emphasized by analysts like Jesse Myers of OnrampBitcoin, has significantly contributed to this surge in the crypto market.
“The main story here is that we are 6+ months post-halving.”
VanEck’s 6 figures Bitcoin target
The recent developments in Bitcoin’s value seem to echo the period after the 2020 elections, during which Bitcoin’s worth nearly doubled within the ensuing months. This observation implies that both market patterns and sentiments triggered by the elections might be influencing its behavior.
Seeing multiple factors at play, Sigel noted,
“Our target is $180,000. We think we could reach that next year.”
He added,
The increase from the lowest point to the highest point of this Bitcoin cycle represents a 1,000% gain. However, it’s important to note that this is the smallest percentage growth among all the cycles in Bitcoin’s history.
Furthermore, Sigel emphasized the growing institutional attention towards Bitcoin, indicating a major change in the attitude of financial advisors.
It appears that a significant number of these financial advisors, who once avoided Bitcoin, are now displaying an increasing interest in including it within their investment portfolios.
As a researcher, I observed an uptick in queries from experts, drawn by the potential of Bitcoin as a viable investment option. This trend underscored its growing recognition and acceptance as a mainstream financial asset.
He added,
I’ve noticed an increase in the number of calls I’m receiving from investment advisors seeking to grow their portfolios. Some are currently at a starting point (0%) and aiming for 1%, while others are already at 1% and aspiring to reach 3%.
As a researcher, I’m inclined to suggest that the rising institutional attention might serve as a significant trigger for Bitcoin’s price surge. This escalation seems to be driven by a growing tide of capital investments.
What’s more?
Indeed, it appears that Sigel isn’t venturing into the cryptocurrency market alone, as analysts at Standard Chartered predict that the total value of all cryptocurrencies could potentially reach an astonishing $10 trillion by 2026. This projection is particularly optimistic under a government led by Republicans, who are known for their supportive stance towards cryptocurrencies and related policies.
However, not everyone shares this optimism.
For example, well-known Bitcoin critic, Peter Schiff, expressed his doubts about Bitcoin on various social media platforms. He criticized the impact of Bitcoin supporters and raised questions about its longevity as an asset.
“Bitcoin is only a threat to those who HODL it or invest in related businesses.”
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2024-11-15 14:48