VanEck Reveals New Peak Price Target for Bitcoin – Evaluates Dominance and Altcoin Rally.

Asset manager VanEck has projected a cycle price target of $180,000 per Bitcoin as the next phase of the bull market gains momentum.

In his latest Bitcoin ChainCheck report, VanEck highlighted parallels between the current market and the post-election rally in 2020, citing increased regulatory sentiment under President-elect Donald Trump as a critical driver of Bitcoin's upward trajectory.

VanEck noted that the Bitcoin price rose 9% on election night to reach an all-time high of $75,000. This increase was tied to Polymarket rates favoring Trump's victory and marked the beginning of a high-volatility rally. The asset manager believes that the lack of technical price resistance positions Bitcoin for significant growth similar to the 2020-2021 cycle, when Bitcoin's price more than doubled in the months following the US elections.

"Investor interest is accelerating as

government support for Bitcoin undergoes a transformational shift. We are seeing incoming calls at an accelerating pace as many investors find themselves under-allocated to this asset class," VanEck said, reiterating his $180,000 price target.

VanEck noted that Trump's pro-crypto platform is a turning point in US regulatory policy, and the supportive measures are expected to spur growth in the cryptocurrency sector. Key developments expected under Trump's administration include:

• FIT21 Revision: The controversial crypto legislation is expected to be revised to include market and privacy-friendly terms.

• Stablecoin Reform: A new draft would allow state-affiliated banks to issue stablecoins without Fed approval, facilitating wider global adoption of US dollar-pegged assets.

• End SEC Regulation with Enforcement: Trump has vowed to replace SEC Chairman Gary Gensler and appoint crypto-friendly regulators. This move is expected to spur initiatives such as crypto custody solutions by banks and approval of Ethereum (ETH) and Solana (SOL) ETFs.