Asset managers with $100 billion in assets have been able to profit from the surge of asset prices this week. VanEck Has stated that its Bitcoin price target is $180,000 for this period. The token reached a new all-time record high of $93,000 on Wednesday. This is because it continues to rise after Donald Trump was declared the winner in the US 2024 presidential election.
The Language of Speaking CNBC Matthew Sigel of VanEck, the Head Digital Research at VanEck, stated that the token will be released on Thursday. “just getting started.” Sigel said that the current performance was “amazing”. “blue sky territory,” While ensuring that the crypto leading is facing “no technical resistance.”
JUST IN: $100 billion asset manager VanEck says their #Bitcoin price target for this cycle is $180,000.
— Watcher.Guru (@WatcherGuru) November 14, 2024
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VanEck: Bitcoin to Target $180,000 During Bull Run
Last week, the crypto sector has seen a massive increase. It was a major game changer for Bitcoin. Although it has had an impressive 2024, the bullish momentum of this asset went into high gear. Particularly, the asset skyrocketed following this year’s much-anticipated presidential election.
It may be down from its previous high but the token is still doing well. According to, the token has risen by over 35% during the past 30 days. CoinMarketCap. The price has dropped below $90,000 but still shows high activity. It produced an average trading volume over $111 billion during the last 24 hours.
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VanEck’s $100 billion portfolio manager has confirmed that Bitcoin is likely not to slow down anytime soon. He set the price at $180,000 this cycle. Matthew Sigel, speaking to CNBC predicted that Bitcoin will continue to grow. “repeated all-time highs over the next two quarters.”
Sigel also noted that the “same pattern played out four years ago,” The bull market in the asset is cyclical, confirming this. This current price trajectory challenges even the most positive BTC forecast. The asset will likely break the $100,000 barrier well before Trump’s inauguration in January.
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Source: watcher.guru
