{"id":143076,"date":"2024-11-24T13:00:50","date_gmt":"2024-11-24T11:00:50","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143076"},"modified":"2024-11-23T18:21:18","modified_gmt":"2024-11-23T16:21:18","slug":"vaneck-sticks-to-180000-bitcoin-price-target-amid-growing-institutional-support","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/vaneck-sticks-to-180000-bitcoin-price-target-amid-growing-institutional-support\/","title":{"rendered":"VanEck Sticks to $180,000 Bitcoin Price Target Amid Growing Institutional Support"},"content":{"rendered":"

In their latest report<\/a><\/strong>, analysts Nathan Frankovitz and Matthe Sigel highlighted that the next phase of Bitcoin\u2019s 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<\/a> <\/strong>to this level in the next 18 months.<\/p>\n

Bitcoin is approaching the $100,000 threshold, bolstered by speculation around Donald Trump\u2019s potential reelection. Bitcoin\u2019s 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.<\/p>\n

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.<\/p>\n