Could Bitcoin hit $180K by 2025? VanEck thinks so and here’s why
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anEck predicts Bitcoin could reach $180,000 in 2025 amid rising institutional demand.Post-halving effects and Trump’s pro-crypto policies fueled Bitcoin’s bullish momentum.Amid Bitcoin’s [BTC] remarkable surge, investment manager VanEck has set an ambitious target of $180,000 for the cryptocurrency in 2025.
During a recent CNBC interview, Matthew Sigel, VanEck’s head of digital asset research, highlighted the current rally as merely the beginning of a larger upward trend.
He said, “We’re now in blue sky territory, no technical resistance, and we think we are likely to make repeated all-time highs over the next two quarters,”
How did Trump’s victory impact Bitcoin?
Since Donald Trump’s election victory, Bitcoin has surged by approximately 30%, driving a broader market rally.
For those unaware, BTC reached an impressive peak of nearly $93,490 on the 13th of November, as reported by TradingView.
However, as of the 15th of November, the momentum has slightly eased. At press time, Bitcoin was trading at around $88,100 after a 1.48% dip in the last 24 hours, signaling a brief cooling of its bullish trajectory.
Needless to say, the RSI remains bullish, holding strong at the 74 level. However, a pullback may be imminent as it sits in the overbought zone.
The recent surge in the crypto market, while partially linked to Trump’s election victory, was widely anticipated.
Analysts, including Jesse Myers, co-founder of OnrampBitcoin, have pointed out that the rally isn’t solely driven by political outcomes. Instead, the post-halving effect has also played a significant role.
