Bitcoin is on a roll, with a 30% surge since the U.S. elections, and investment manager VanEck predicts it could hit $180,000 next year. VanEck's Matthew Sigel told CNBC that Bitcoin is in "blue sky territory," with no technical resistance, and expects repeated all-time highs over the next two quarters.
The crypto's rally, sparked by pro-crypto sentiment following Donald Trump's election, saw its peak at nearly $93,490 on Nov. 13. Although it cooled slightly to around $88,100 by Nov. 15, interest from investment advisers is growing.
VanEck's target reflects a potential 1,000% return from the cycle's bottom to peak. Despite the buzz, Google searches for "Bitcoin" and Coinbase app rankings are not yet at their 2021 highs, suggesting room for growth.