Bitcoin has been making waves following the recent U.S. presidential election, and according to investment manager VanEck, this momentum might be just the beginning.
With Bitcoin surging over 30% since November 5, VanEck’s head of digital assets research, Matthew Sigel, believes the cryptocurrency is on track to reach all-time highs in the months ahead. During a recent interview on November 14, Sigel expressed VanEck’s ambitious target for Bitcoin at $180,000, likely by next year.
“It is just getting started,” Sigel stated, noting Bitcoin’s recent performance has led the digital asset into “blue sky territory” with no technical resistance on the horizon. VanEck’s bullish outlook is largely based on the increasing volume of calls from investment advisors, who, according to Sigel, are showing renewed interest in Bitcoin exposure. The combination of a pro-crypto administration and institutional appetite appears to be accelerating Bitcoin’s ascent.
VanEck Sees Parallels with 2020 Post-Election Surge
Reflecting on Bitcoin’s previous rally after the 2020 election, Sigel explained that VanEck anticipated a similar response this time around. “Our target is $180,000,” Sigel said, adding that the current cycle might even yield a smaller-than-average increase compared to prior bull runs.
Supporting this optimistic projection, VanEck points to various market indicators that remain favorable. Interest in Bitcoin appears to be climbing, with Google search volumes for “Bitcoin” nearly tripling since early November, although still below the peak levels seen in 2021.
Similarly, the Coinbase app, a popular entry point for retail investors, ranks as the top finance app on the U.S. Apple App Store and has also climbed in Google Play rankings, indicating heightened consumer interest.
Indicators Flashing Green for the Crypto Leader
Bitcoin’s rise hasn’t gone unnoticed, as other metrics continue to support a positive outlook. According to VanEck’s analysis, investor interest is gaining momentum, though it has not yet reached the levels observed in prior bull cycles. The combination of increased advisor inquiries and strengthening retail engagement signals an incoming wave of demand that VanEck believes will fuel Bitcoin’s price trajectory.
The outlook remains compelling as Bitcoin trades around $88,000 following its recent peak of $93,490 on November 13. As institutional and retail interest converge, many in the industry are watching closely to see if VanEck’s $180,000 target for Bitcoin will indeed materialize in the coming year.
The post VanEck Projects Bitcoin Next Bull Run Could Push Price to $180K by 2025 appeared first on TheCoinrise.com.
