Matthew Sigel, head of digital assets research at VanEck, forecasts a bullish outlook for Bitcoin, predicting it could reach $180,000 by 2025 as it enters 'blue sky territory' without any technical resistance. Following the recent rise of about 30% since the U.S. elections, which has resulted in significant crypto market momentum, Sigel notes that the demand for Bitcoin among investment advisers is increasing. He draws parallels to the Bitcoin surge that occurred after the 2020 elections and anticipates a similar pattern ahead, expecting a 1,000% return from the cycle's low to high. Sigel mentions that indicators VanEck follows suggest sustained growth, despite Google search volumes being below peak levels observed in May 2021, indicating potential for further increases in interest.

Source 🔗