VanEck analyst predicts successive Bitcoin all-time highs in coming months

Matthew Sigel, head of digital research at VanEck, has drawn a promising future for Bitcoin through 2025.

According to him, the world’s largest cryptocurrency could hit successive all-time highs (ATHs) in the coming quarters, potentially rising to $180,000.

Current Bitcoin Market Trajectory

In a Nov. 14 interview with CBNC, Sigel suggested that the push could come from current market dynamics, which are showing minimal technical resistance.

Over the past few days, the asset went on a wild run, breaking its ATH price on several occasions, including a brief foray above $93,000, before returning to its current level of around $89,000.

His claim is supported by historical trends, which show that the OG cryptocurrency often makes substantial gains after US elections, regardless of who ends up in the White House.

“We are likely to hit repeated all-time highs in the coming quarters. The same pattern occurred four years ago between the election and the end of the year in 2020. Bitcoin doubled and there were about six 10% corrections, so it’s not going to be a straight line,” Sigel said.

According to the expert, Bitcoin is entering the initial stage of a strong bullish phase. He also highlighted the incoming government’s attitude towards BTC, which is expected to be more favorable, a crucial development that could catalyze wider adoption and further price increases.

“Our goal is $180,000; We think we could get there next year,” Sigel said, noting that would be a 1,000% return from the bottom to the peak of the current cycle.

The most influential figures advocating for crypto as a legitimate asset class support the change. In addition, large traditional investments are looking at larger allocations, illustrated by Goldman Sachs’ recent disclosure of a $710 million stake in Bitcoin through several exchange-traded funds (ETFs). His holdings in BlackRock’s iBIT fund are up 83% since he last bought the product.

Changing public interest and market maturity

While Bitcoin is riding a wave of positive momentum right now, public interest is noticeably lower than during its last major peak four years ago. Sigel noted that this marks a potential shift in focus, which could mean a maturing market or a temporary lull in public enthusiasm.

He believes that this period could be a stabilization phase, which could lay the foundations for a more sustainable growth of the asset.

According to him, a relatively calmer market offers several advantages, including more thoughtful investments and slower and more reliable price increases. He also suggested that a more mature audience could bring stability, thereby helping to reduce the dramatic price swings often fueled by speculative increases.

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