(Source: CentBit.Online – Crypto & Blockchain Expert Bangladesh)
Global investment manager VanEck has reaffirmed its ambitious $180,000 Bitcoin price target, predicting this milestone at the peak of the current market cycle. This optimistic projection reflects growing confidence in Bitcoin’s market dynamics fueled by institutional demand and an increasingly favorable regulatory landscape.
Bitcoin’s Bull Run Just Beginning
In a report published on November 21, VanEck digital asset analysts Nathan Frankovitz and Matthew Sigel emphasized that the next phase of Bitcoin’s bull run is “just beginning.” The report highlights the role of:
- Rising institutional interest through Bitcoin ETFs.
- Improved U.S. regulations following President-elect Donald Trump’s pro-crypto stance.
VanEck estimates that Bitcoin could reach $180,000 within the next 18 months, reflecting a tenfold increase from its lowest point during the current cycle.
Bitcoin Approaches $100K Milestone
At the time of writing, Bitcoin is trading at $98,500, just 1.5% shy of crossing the $100,000 threshold. It recently touched $99,800, driven by optimism following Trump’s re-election and the anticipated adoption of crypto-friendly policies.
VanEck’s report notes that Bitcoin entered a new phase as of November 11, with perpetual futures funding rates exceeding 10%. Historically, such elevated rates signal:
- Short-term momentum, driving 30- to 90-day gains.
- Potential limitations in long-term profitability, as high funding rates can reduce returns over one- to two-year horizons.
Despite these nuances, analysts predict Bitcoin could surpass $100,000 by year-end, with some suggesting it may happen within days given the current momentum.
$180K Target Backed by Strong Indicators
VanEck’s head of digital assets research, Matthew Sigel, described Bitcoin as being in “blue sky territory”, where no significant resistance exists to hinder its climb. Key metrics tracked by VanEck, including growing search interest and app downloads, suggest sustained public enthusiasm.
“Our target is $180,000. We think we could reach that next year. Metrics we monitor are still flashing green,” Sigel said.
While Google search volumes for “Bitcoin” remain below their 2021 peak, they have tripled since early November, reflecting renewed interest in the market.
Bitget’s Ryan Lee Projects $150K Bitcoin
In parallel, Ryan Lee, Chief Analyst at Bitget Research, predicts Bitcoin reaching $150,000 within six months. Lee attributes the surge to:
- Substantial inflows into Bitcoin ETFs.
- The potential for Bitcoin adoption as a U.S. reserve asset, hinted at by Trump during the Nashville Bitcoin Conference.
“If Bitcoin becomes a U.S. reserve asset, similar moves by other nations could drive inflows in the hundreds of billions, pushing BTC to unprecedented levels,” Lee stated.
Lee projects a short-term range of $82,000 to $110,000, with policies expected next year offering additional support. He cautions investors to monitor the funding rate: if it exceeds an annualized 50%, it could signal a potential market adjustment.
Conclusion: Bitcoin’s Path to $180K
Bitcoin’s remarkable rally, bolstered by institutional demand and pro-crypto policies, places it on track to achieve VanEck’s bold $180K target. With renewed optimism across the industry, investors are closely watching how regulatory clarity under Trump’s administration and increasing adoption shape Bitcoin’s future.
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