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    Van Eck forecasts Bitcoin to hit $180,000 amid positive trends in US regulations and financial sector interest

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    Investment manager Van Eck predicts Bitcoin will reach $180,000 in the current crypto upswing. Analysts cite positive US regulations and interest from financial institutions as key drivers. They also attribute Trump’s election win as a reason for Bitcoin’s price surge. Currently valued at around $98,500, Bitcoin is close to the all-time record of $100,000. Since November 11, Bitcoin has entered a phase of high funding rates for perpetual futures contracts, indicating stronger short- to medium-term momentum. Despite this, Van Eck warns that persistently high funding rates may not bode well for long-term investors.

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    Van Eck, a big-time investment manager, is still predicting that Bitcoin will hit a whopping price tag of $180,000 during the current crypto bull run. In a recent report released on November 21, Van Eck’s digital asset analysts, Nathan Frankovitz and Matthe Sigel, said that this crypto upswing is just getting started.

    They think that because of more positive regulations in the US and increased interest from big financial institutions, Bitcoin could skyrocket to $180,000 within the next year and a half.

    A lot of experts think that Trump’s election win is a major reason for the Bitcoin price surge that’s caused it to jump as high as $99,800 in just one day. Right now, Bitcoin is valued at around $98,500, which is just 1.5% off breaking the all-time record of $100,000.

    According to the guys at Van Eck, since November 11, Bitcoin has entered a “new phase” where funding rates for perpetual futures contracts have gone over 10%. This means we could see stronger momentum in the short- to medium-term, as we’ve seen in the past that high funding rates usually mean higher returns over 30 to 90 days, showing a spike in bullish feeling and demand.

    However, they also pointed out that when funding rates stay high, the market tends to move into a stage where it doesn’t look so good for investors looking for longer-term returns over one or two years.

    While there are loads of analysts who think Bitcoin will be trading at or over $100,000 by the end of this year, some believe that with the current market conditions, Bitcoin could easily pass $100,000 within the next week.

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