Van Eck, the global investment manager, reiterated his $180,000 price target for Bitcoin at the peak of the current cycle. The report, published on November 21, said that a favorable regulatory environment in the US and increased institutional interest could push Bitcoin to that level within 18 months. Bitcoin reached $99,800 in the last 24 hours and is currently trading at $98,500. However, it warned that high funding rates could create a negative environment for long-term returns. Analysts predict that Bitcoin could exceed $100,000.