VanEck Predicts Bitcoin Will Hit $180K by 2025

Bitcoin has been making some big moves lately. After the U.S. elections on November 5, the Bitcoin price shot up by about 30%.

Bitcoin has been making some big moves lately. After the U.S. elections on November 5, the Bitcoin price shot up by about 30%. As of November 13, it even reached almost $93,500, before dropping a bit to $88,100 a couple of days later.

But what’s driving this? A lot of people are saying that President Trump’s pro-crypto stance is giving Bitcoin a big boost.

After the elections, Bitcoin did see a nice rally, but it started slowing down around November 10. However, on November 13, the Bitcoin price once again shot up by about 4%, reaching almost $93,500. But then, it dropped again, falling to $88,100 on November 15.

Despite the recent slowdown, Bitcoin is still up by a lot this year. In January, it was trading at around $30,000, and now it’s almost three times that. This is also the highest price Bitcoin has reached since April.

VanEck’s Bold Prediction: Bitcoin Could Hit $180K

Matthew Sigel from VanEck made a pretty big prediction during a CNBC interview on November 14—he thinks Bitcoin could reach $180,000 by next year. He’s not shy about saying that the rally we’re seeing right now is just getting started. And looking back at 2020, he thinks Bitcoin will keep breaking records like it did then. If his prediction’s right, Bitcoin could rise by a crazy 1,000% from its lowest point.

Sigel also mentioned that a lot of investment advisers have been calling in, either because they want to get into Bitcoin for the first time or they want to buy more. This interest could mean more money flooding into the market, which would keep pushing Bitcoin’s price up.

A key factor that could help propel Bitcoin to new heights is the upcoming U.S. elections. Both major candidates have expressed support for cryptocurrencies, which could lead to more favorable policies and regulation. This, in turn, would make it easier for institutions and investors to participate in the crypto market.

If the candidates follow through on their promises and create a clear and supportive regulatory framework for cryptocurrencies, we could see a massive influx of資金 into the market. This would drive up prices across the board, potentially leading Bitcoin to new all-time highs.

Of course, anything can happen in the world of cryptocurrencies, and there’s always the possibility of a downturn. But if the stars align and the candidates deliver on their pro-crypto promises, 2024 could be an incredible year for Bitcoin and other crypto assets.

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