Bitcoin’s remarkable post-U.S. election rally has investment management giant VanEck projecting the cryptocurrency to reach an astounding $180,000 by 2025.
In an appearance on CNBC’s Squawk Box on November 14, Matthew Sigel, VanEck’s Head of Digital Assets Research, stated, “It is just getting started.” Sigel highlighted that Bitcoin is now in “blue sky territory” with no technical resistance, positioning it for unprecedented growth.
Bitcoin: Poised for Repeated All-Time Highs
Sigel anticipates Bitcoin to achieve repeated all-time highs (ATHs) over the next two quarters, fueled by strong institutional interest and growing market enthusiasm.
Bitcoin’s recent surge—up nearly 30% since November 5—propelled it to a record $93,490 on November 13, with a slight cooling off to $88,100 as of November 15.
The rally has been partially attributed to pro-crypto sentiment following Donald Trump’s reelection.
Sigel remarked that metrics tracked by VanEck remain bullish, indicating continued momentum.
“Our target is $180,000. We think we could reach that next year,” Sigel asserted, adding that search interest for Bitcoin and app downloads signal increased public enthusiasm.
- Google searches for “Bitcoin” have nearly tripled since early November.
- Coinbase now tops finance app rankings in both the Apple App Store and Google Play Store.
Institutional Demand Driving Growth
Sigel also noted rising interest from investment advisers seeking Bitcoin exposure. This echoes Bitcoin’s 2020 post-election performance, when the cryptocurrency doubled its value between Election Day and year-end.
Bitget Analyst: Bitcoin Could Hit $150K on ETF Inflows
Adding to the bullish sentiment, Ryan Lee, Chief Analyst at Bitget Research, projected Bitcoin could reach $150,000 in the next six months.
Lee attributes Bitcoin’s rally past $93,000 to significant inflows from Bitcoin ETFs and speculation about Bitcoin becoming a U.S. reserve asset.
During the Nashville Bitcoin Conference, President-elect Trump hinted at such a possibility, which Lee believes could lead other nations to follow, potentially resulting in hundreds of billions of dollars in net inflows.
Lee also shared Bitcoin’s projected price ranges:
- Short-term: $82,000 to $110,000.
- Six months: $73,000 to $150,000.
Lee emphasized the importance of monitoring the funding rate for long positions. If it exceeds an annualized 50%, it could signal potential market adjustments.
Additionally, should Bitcoin breach the $94,000 mark, it could trigger $1 billion in short liquidations, further accelerating its momentum.
A Historic Bitcoin Cycle in the Making
With institutional interest rising, Bitcoin ETF inflows growing, and regulatory clarity anticipated in 2025, Bitcoin is set for another historic cycle. Both VanEck and Bitget Research believe the cryptocurrency is entering uncharted territory, where the only direction is up.
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