VanEck Predicts $180K Bitcoin Price Target for 2025, Says ‘No Technical Resistance’

VanEckVanEck expects Bitcoin to achieve repeated all-time highs over the next two quarters.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.