“Bitcoin to Reach $180,000 by 2025!”

Matthew Sigel, Head of Digital Asset Research at VanEck, made a surprising price prediction for Bitcoin.

The record-breaking Bitcoin rally is expected to continue after the US elections. Investment management and fund issuance company VanEck set a target of $180,000 for $BTC next year.

“This is just the beginning,” said Matthew Sigel, making positive predictions for BTC on CNBC’s Squawk Box program on November 14. He added, “We are currently in unlimited growth territory, there is no technical resistance, and we are highly likely to renew the peak over the next two quarters.”

Bitcoin has led the market rally after Donald Trump was elected president, increasing by 30 percent since November 5. BTC, which reached a new peak of $93,490 on November 13, is trading at $88,100 as of November 15.

VanEck said they expect a price rally after the election, and that it is currently following the same pattern that was followed after the 2020 election. At that time, Bitcoin doubled in the months between election day and the end of the year.

“Our target is $180,000. We think we can get there next year,” Sigel said, emphasizing that this target would mean a 1,000% increase from the bottom of the current cycle to the top. He also added that this cycle would be the smallest growth cycle in Bitcoin’s history.

Sigel said that many indicators that VanEck tracks indicate that BTC’s rally will continue. Google searches for “Bitcoin” and the Coinbase app’s rankings in the #Apple and #Google stores are still low compared to four years ago.

According to Google Trends data, searches for “Bitcoin” peaked in May 2021, but interest has nearly tripled since early November.

Coinbase ranks first among financial apps in the US Apple App Store and 16th overall. On Google Play, it ranks fifth among financial apps and 66th overall.