VanEck Sticks to $180,000 Bitcoin Price Target Amid Growing Institutional Support

Van Eck, a leading global investment firm, has maintained its ambitious Bitcoin price target of $180,000 for the current market cycle.

In their latest report, analysts Nathan Frankovitz and Matthe Sigel highlighted that the next phase of Bitcoin’s bull market is just beginning. They pointed to a supportive regulatory environment in the U.S. and growing institutional interest as key factors that could drive Bitcoin to this level in the next 18 months.

Bitcoin is approaching the $100,000 threshold, bolstered by speculation around Donald Trump’s potential reelection. Bitcoin’s recent surge saw it hit nearly $99,800, with analysts predicting it could reach the $100,000 mark within days if the momentum continues. At the time of writing, Bitcoin is trading at $98,500, just shy of setting a new record.

Van Eck also noted the rising funding rates for Bitcoin perpetual futures contracts, which have surpassed 10% as of November 11. These elevated rates indicate strong bullish sentiment and suggest short- to medium-term gains, although the report cautioned that sustained high rates could lead to market overheating, which could negatively impact long-term performance.

While some market observers predict Bitcoin will easily surpass $100,000 by year-end, others warn of potential market corrections. Regardless of the near-term volatility, Van Eck’s $180,000 forecast underscores the firm’s belief in Bitcoin’s long-term potential as a dominant digital asset in the evolving global economy.