The post VanEck Bitcoin Prediction : BTC will be $180,000 by 2025! appeared first on Coinpedia Fintech News
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. VanEck predicts Bitcoin will go $180,000 by 2025. It’s clear that something’s happening here. But what’s driving this? A lot of people are saying that President Trump’s pro-crypto stance is giving Bitcoin a big boost.
VanEck’s Bold Prediction: Bitcoin Could Hit $180K
Matthew Sigel from VanEck made a pretty big prediction during 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. That’s a pretty wild ride!
Why More People Are Getting Into Bitcoin
With Bitcoin’s price climbing, more and more investors are starting to take notice. Sigel 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 lot of people have been holding back afraid of the unclear regulations. However, recently 18 U.S. states filed lawsuit against the SEC citing its forceful actions against the industry. When they win, more people are going to enter the space, this is for sure.
What’s Next for Bitcoin?
Of course, Bitcoin isn’t exactly known for being stable. Sigel expects there will be some corrections. About 6-10%, just like what happened after the 2020 elections, if Bitcoin follows the pattern. But he thinks the overall trend will still be up.
Looking ahead, if Trump can help clear up the regulatory mess around crypto, Bitcoin could even become a “reserve asset” in the U.S., which would really shake things up. So, will Bitcoin’s rally continue? It looks like it, but we’ll have to wait and see how the next few months unfold. One thing’s for sure: this ride isn’t over yet.