$VanEck reaffirms its bullish prediction for bitcoin in 2025
The digital currency would reach 180,000 dollars next year, according to VanEck.
Bitcoin would be undergoing a bearish correction that does not negate the macro bullish trend.
The bitcoin rally is driven by 3 unprecedented forces, says VanEck.
At these levels, VanEck, an investment management firm based in New York, reaffirmed its projection that bitcoin could reach 180,000 dollars in 2025, driven by macroeconomic trends and market forces.
According to the company, the current bitcoin rally is due to "three unprecedented forces": the institutional adoption of the asset as a reserve, the increase in speculation with altcoins, and the emerging synergies between cryptocurrencies and artificial intelligence.
The company maintains that, despite bearish corrections that could reach up to 40% in the short term, these forces support a sustained bullish trajectory for bitcoin in the medium term.
VanEck highlighted that funding rates and unrealized relative gains show that the market is in a stage with high growth potential over the next six months.
This momentum coincides with the growing interest from corporations and financial institutions looking to integrate bitcoin into their investment strategies.
Institutional adoption and regulations
This month marked a milestone in corporate adoption of bitcoin when the Nasdaq100 included MicroStrategy, the publicly traded company with the largest amount of bitcoin under custody, reaching 444,262 BTC.