VanEck's heavy prediction: Bitcoin will break through the all-time high in the next two quarters, with a target of $180,000!
Matthew Sigel, head of digital asset research at VanEck, recently made a bold prediction in a CNBC interview that Bitcoin is standing in the "blue sky field" and is expected to break through $180,000 by 2025. This prediction is based on Bitcoin's strong performance since the US election. Sigel believes that Bitcoin is expected to hit a new all-time high again in the next few quarters.
"This is just the beginning," Sigel said in an interview on November 14, emphasizing that the current market "has no technical resistance" and Bitcoin's upward trend will continue and accelerate. Since November 5, Bitcoin has risen by about 30% and hit a new high, reaching $93,490 on November 13. Although there is a slight pullback at present, the market momentum remains strong.
Sigel mentioned that VanEck has received a large number of consultation calls from investment advisors who are seeking Bitcoin investment opportunities. VanEck's analysis shows that capital flows have begun to accelerate, and this trend may continue into next year, pushing Bitcoin prices close to the target of $180,000.
More notably, multiple market indicators tracked by VanEck show that this round of rebound momentum will continue. Google search volume and Coinbase app activity have rebounded significantly, reflecting strong market demand, especially the sharp rise in interest in Bitcoin in the US market.
2024 will be a critical moment for Bitcoin's price to jump, and VanEck's goal is clear: $180,000 is within reach in the next few months!
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