Matthew Sigel, director of digital asset research at Vaneck, forecasts significant upside for Bitcoin, with a price target of $180,000.
Sigel’s outlook on Bitcoin is bullish, bolstered by indicators that the uptrend is continuing. Following recent price increases, he noted that BTC has followed similar patterns in previous cycles, especially around elections, with increased demand and steady price recovery. According to the Vaneck CEO, BTC’s price growth is “just getting started,” and predicted that it will reach new record highs in the coming quarters.
Sigel believes that shifting regulatory attitudes and political support are contributing to this positive outlook. He cites “pro-bitcoin” sentiments from key U.S. officials, such as President-elect Donald Trump, Vice President Vance, and the attorney general, which he believes could increase BTC’s appeal to the general public. With growing interest from investment advisors looking to add bitcoin to their portfolios — moving from a 1% allocation to 3% — he sees these trends as a sign of potential price support.
In addition to government support, Sigel also pointed to market trends that support his price target. He highlighted the stability of online interest, noting that Google searches for BTC remain well below previous peaks, suggesting that public interest has room to grow. Furthermore, while interest in BTC futures has increased, he sees the potential for increased activity in this market to sustain momentum over an extended period of time. For Sigel, the BTC market is still in the “price discovery” phase, which has historically fueled long bull runs.
Sigel also commented on the changing global landscape of bitcoin adoption, with several crypto projects planning to hold conferences in the United States for the first time in years. He sees this as a positive sign for the U.S. economy, predicting that bitcoin will play a larger role as a “global payment currency.” Sigel suggests that BTC’s integration with other emerging technologies, such as artificial intelligence, could position it for increased adoption and relevance in the broader financial ecosystem.
Despite bitcoin’s high volatility, Sigel remains steadfast in his long-term outlook. If his $180,000 target holds, it would mark a roughly 1,000% increase from BTC’s recent cycle lows, although he cautions that this path could include periodic corrections. According to him, BTC’s resilience through previous cycles supports a “blue sky” scenario, positioning it for sustained growth in the coming year and beyond.
Sigel's assessment highlights BTC's continued integration into institutional and governmental contexts, suggesting an optimistic path for its role in the global financial system.
Source: https://tapchibitcoin.io/giam-doc-vaneck-dat-muc-tieu-bitcoin-o-muc-180-000-usd.html
