Bitcoin’s meteoric rise following the U.S. elections has set the stage for even greater gains, with investment management firm VanEck projecting the cryptocurrency to hit $180,000 by 2025.
Matthew Sigel, VanEck’s head of digital assets research, shared his insights on CNBC’s “Squawk Box” on November 14, stating, “It is just getting started.”
Sigel emphasized that Bitcoin is now in “blue sky territory,” where no technical resistance stands in its way.
Bitcoin Set to Achieve Repeated ATHs
He expects the leading cryptocurrency to achieve repeated all-time highs over the next two quarters.
Bitcoin, which surged nearly 30% since November 5, reached its latest record of just under $93,490 on November 13.
This rally has been partly attributed to a pro-crypto sentiment following Donald Trump’s return to the U.S. presidency.
Despite a slight cooling in the rally, Bitcoin remains strong, trading at around $88,100 as of November 15.
VanEck’s $180,000 target reflects a tenfold increase from the cycle’s lowest point, marking the smallest Bitcoin rally in terms of percentage gains compared to previous cycles.
However, Sigel pointed to indicators suggesting the momentum is far from over.
“Our target is $180,000. We think we could reach that next year,” he said, adding that metrics tracked by VanEck “are still flashing green.”
Search interest in Bitcoin and app downloads also indicate growing public enthusiasm.
While Google search volumes for “Bitcoin” remain below their 2021 peak, they have nearly tripled since early November.
Similarly, Coinbase has climbed to the top of finance app rankings in both Apple and Google Play stores.
Sigel noted that calls from investment advisers seeking exposure to Bitcoin are accelerating, signaling potential inflows into the market.
VanEck’s bullish outlook mirrors Bitcoin’s post-election performance in 2020, when the asset doubled in value between Election Day and year-end.
With institutional interest rising and technical barriers absent, the stage is set for another historic Bitcoin cycle.
Bitget’s Ryan Lee Projects $150K Bitcoin on Inflows
Bitcoin’s recent surge past $93,000 is fueled by substantial inflows from traditional funds through Bitcoin ETFs, according to Ryan Lee, Chief Analyst at Bitget Research.
In a statement, Lee said a major factor in the growing Bitcoin ETF inflows is the narrative of Bitcoin potentially being adopted as a U.S. reserve asset, a possibility hinted at by President-elect Trump at the Nashville Bitcoin Conference.
“Should Bitcoin become a U.S. reserve asset, it could lead to similar moves by other countries, triggering net inflows amounting to hundreds of billions of dollars and pushing BTC to new heights,” he said.
Lee also noted a projected Bitcoin price range of $82,000 to $110,000 in the short term and $73,000 to $150,000 over six months.
Policies on cryptocurrency regulation expected next year could provide additional market support.
“Key indicators to monitor include the funding rate: if the funding rate for long positions in contracts exceeds an annualized 50%, or 0.05% per 8 hours, it could signal a potential adjustment,” he said.
Lee claimed that if Bitcoin breaches $94,000, it might trigger $1 billion in short liquidations, further accelerating price momentum.
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