With the asset surging throughout this week, $100 billion asset manager VanEck has said its Bitcoin price target for this cycle is $180,000. The token surged to an all-time high of $93,000 on Wednesday, as it continued to rally after Donald Trump won the 2024 U.S. presidential election.
Speaking to  CNBC  on Thursday, VanEck’s Head of Digital Asset Research Matthew Sigel said the token is “just getting started.” Furthermore, Sigel described the asset’s current performance as “green territory,” while assuring that the leading cryptocurrency “is not facing any technical resistance.”

VanEck Says Bitcoin Should Target $180,000 Amid Ongoing Bull Run
Last week was a big one for the crypto space. Specifically, it was a game-changer for the leading cryptocurrency, Bitcoin. While the asset has had a dominant 2024 so far, its rally has accelerated. Specifically, it surged after this year’s highly anticipated presidential election.

The token may be down from its all-time high, but it’s still going strong. It’s up more than 35% over the past 30 days, according to CoinMarketCap. Furthermore, it’s dipped below $90,000 but still shows high activity. Specifically, it generated over $111 billion in trading volume over the past day.
Now, $100 billion asset manager VanEck has assured that this rally won’t be losing steam anytime soon, giving Bitcoin a $180,000 price target for this cycle. Speaking to CNBC, Matthew Sigel predicted that the asset will reach “an all-time high in the next two quarters.”
Furthermore, Sigel noted that “the same pattern played out four years ago,” confirming the cyclical nature of the asset’s bull run. The current trajectory defies even the most optimistic BTC price forecasts. The asset is likely to surpass $100,000 before Trump takes office in January.