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VanEck, the global investment firm, is sticking to its bold prediction that Bitcoin could reach $180,000 during this cycle, pointing to favorable trends and rising investor interest.
A Bull Market on the Rise
VanEck analysts Nathan Frankovitz and Matthew Sigel believe the crypto bull run is just getting started. They credit growing institutional interest and improving U.S. regulations for setting the stage for Bitcoin’s massive price growth over the next 18 months.
Trump’s recent election win has also been a major factor, helping Bitcoin climb to $99,800 in the last 24 hours. Currently, it’s trading at $98,500, just shy of breaking the $100,000 barrier.
Is the Market Overheating?
VanEck warns of potential overheating as funding rates on Bitcoin futures recently surged past 10%. While high rates often signal strong short-term momentum and bullish sentiment, they’ve historically led to weaker returns over longer timeframes, like 6 months to 2 years.
This could mean a period of caution for investors with long-term strategies, even as optimism remains high for the near term.
$100K Around the Corner?
Analysts across the board believe Bitcoin could hit $100,000 soon—possibly within days. Some even predict it could go “well above” that level before the end of the year.
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