Van Eck Reiterates Ambitious $180,000 Bitcoin Price Target, Projects This Peak Within the Current Market Cycle

VanEck analysts Nathan Frankovitz and Matthe Sigel suggest that favorable regulatory developments in the U.S. and increased institutional interest could propel

Global investment manager VanEck has maintained its ambitious $180,000 price target for apex cryptocurrency Bitcoin (CRYPTO: BTC) within the current market cycle.

What Happened: VanEck analysts Nathan Frankovitz and Matthe Sigel suggest that favorable regulatory developments in the U.S. and increased institutional interest could propel Bitcoin to this target within 18 months.

The analysts attribute the recent surge in Bitcoin’s price, which touched $99,800 in the last 24 hours, to the election victory of Donald Trump.

"The election of Donald Trump on Nov. 11 appears to have ushered in a new phase for Bitcoin, with the perpetual futures contracts' funding rates surging to over 10%."

The analysts note that this shift indicates stronger short- to medium-term momentum, as historically, elevated funding rates have been linked to higher 30 to 90-day returns, which reflects heightened bullish sentiment and demand.

However, the analysts caution that sustained high funding rates may deter investors seeking long-term returns.

"On average, purchases made on days when funding rates were above 10% began underperforming at the 180-day mark, with this trend becoming even more pronounced over 1-year and 2-year periods."

This نکته is especially relevant for holding periods of 300 days or more, where purchases made on days with funding rates below 5% outperformed significantly.

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This偌的观察表明，较高的资金费率对长期持有者的回报不利，而较低的资金费率则有利于长期投资。

Why It Matters: The bullish sentiment from Van Eck comes amid a broader context of market dynamics and expert predictions.

Mike Novogratz, CEO of Galaxy Digital Holdings (CRYPTO: GLXY), recently warned about the high levels of leverage in the crypto market, suggesting that while Bitcoin’s rise to $100,000 seems inevitable, a correction to $80,000 could occur due to excessive leverage.

Moreover, leading cryptocurrency analyst Michaël van de Poppe has forecasted multiple flash crashes for Bitcoin before the year ends, potentially dropping its value by 5-10% in a single day.

These corrections, however, could present strategic entry points for investors, as altcoins might experience significant growth post-correction.

Additionally, Van Eck CEO Jan van Eck has previously shared a bold prediction that Bitcoin could eventually reach $300,000, capturing a substantial share of the gold market as a digital alternative.

This long-term outlook highlights the growing demand and institutional interest in Bitcoin as a hedge against inflation.

Price Action: At the time of writing, Bitcoin was trading at $98,663, down by 0.76% in the last 24 hours, according to Benzinga Pro data.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.