VanEck Prediction: Bitcoin to hit multiple all-time highs in the next two quarters, reaching $180,000 by 2025

Following the U.S. presidential election, Bitcoin has shown remarkable performance in terms of price. The well-known investment management company VanEck predicts that Bitcoin will continue to reach new all-time highs in the coming months. According to Matthew Sigel, head of digital assets research at VanEck, Bitcoin could soar to $180,000 by 2025.

Post-Election Surge Drives Bitcoin Price to New Highs

Since November 5, the price of Bitcoin has surged by about 30%, with this momentum primarily attributed to the post-election bounce in the overall crypto market following Trump's victory, according to TradingView data. Bitcoin reached a new high on November 13, nearing $93,490. However, as of November 15, the price has slightly retreated to around $88,200.

"This is just the beginning," Sigel mentioned in an interview with CNBC's "Squawk Box" on November 14. "We have broken past the previous highs, with no technical resistance, and we believe Bitcoin could potentially hit new all-time highs multiple times in the next two quarters."

Rising Investor Interest Brings Optimism

Sigel pointed out a significant increase in attention from investment advisors, with many looking to either get into Bitcoin for the first time or increase their holdings. He believes that this growing demand will further drive the price trend.

"The number of calls I'm getting is accelerating, and we believe the inflow of funds will continue this trend," Sigel stated.

VanEck had already predicted a post-election price increase and compared this to Bitcoin's performance after the 2020 election. Back then, the price of Bitcoin doubled in the months from Election Day to the end of the year. Sigel believes the current surge is similar to that year.

VanEck's Bold Target: $180,000 by 2025

VanEck has set a target price of $180,000 for Bitcoin, expected to be achieved by 2025. VanEck stated that such a price increase would result in approximately a 10x return from the low point of this cycle to the ultimate high, making it the smallest percentage gain cycle in Bitcoin's history. Sigel mentioned, "Several indicators we track still show optimism, indicating there is room for growth in this surge."

Search Trends and App Rankings Show Increasing Popularity

Despite the soaring price of Bitcoin, the attention measured by Google searches and app downloads is still below previous bull market levels. Google Trends data shows that the search popularity for "Bitcoin" peaked in May 2021, but has nearly tripled since early November 2023.

Meanwhile, leading cryptocurrency exchange Coinbase ranks first in the finance category on the US Apple App Store and 16th overall. On Google Play, Coinbase ranks fifth in the finance category and 66th overall.

What Lies Ahead for Bitcoin?

As Bitcoin ventures into uncharted territory, VanEck's predictions highlight the explosive growth potential of this cryptocurrency. With support from macroeconomic factors and increasing interest from institutional investors, the next two quarters could have a key impact on Bitcoin's long-term trend.

While market volatility remains a consideration, current signals indicate that the bull market for Bitcoin is far from over. Whether the $180,000 target proposed by VanEck can be achieved remains to be seen, but its momentum is undeniable.