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    VanEck Foresees Bitcoin Potentially Reaching $180,000 and Ethereum Over $6,000 by 2025 Despite Possible Major Drops

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    VanEck, a major asset manager, has predicted that Bitcoin could reach $180,000 with Ethereum trading above $6,000 by the end of 2025. These predictions come with a caution, forecasting a potential drop of 30% for Bitcoin and up to 60% for other altcoins before these highs are achieved. VanEck also speculated that Bitcoin could reach $2.9 million per coin by 2050 and highlighted the likelihood of the US using Bitcoin as a strategic reserve by 2025. Other factors such as more approval for crypto Exchange-Traded Funds could lead to widespread institutional adoption of crypto.

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    VanEck, a major asset manager, reckons the cryptocurrency bull run will hit a significant high point in early 2025 before hitting record highs by the end of the year, according to a blog post from December 13. They’ve predicted that at this peak, Bitcoin could be worth around $180,000, and Ethereum could be trading above $6,000. Other big-ticket projects like Solana (SOL) and Sui (SUI) could even soar past $500 and $10 respectively.

    However, before hitting these incredible highs, VanEck suggests we might see Bitcoin drop by 30%, and altcoins decreasing even more significantly—up to 60%! If you’re not sure, “altcoins” are just cryptocurrencies that aren’t Bitcoin.

    If we see Bitcoin’s funding rates staying above 10% on futures exchanges, this might mean the market has hit a local high, VanEck suggests. That said, by 2050, VanEck’s head of digital asset research, Matthew Sigel, thinks Bitcoin could be worth as much as $2.9 million per coin, and Ethereum could hit up to $22,000 per token by 2030.

    What’s causing all these predictions for 2025? Well, some analysts like Ryan Lee from Bitget Research say Bitcoin’s price could drop by about 30% before picking up again. This is partly because US markets usually go into a bit of a slump after presidential inaugurations, and Donald Trump is set to take office on January 20, 2025.

    VanEck also thinks, by 2025, the US will start using Bitcoin as a strategic reserve and that more crypto Exchange-Traded Funds (ETFs) will get approval, leading to more institutions adopting crypto.

    December 12 saw Sygnum Bank, a crypto-focused asset manager, suggesting that more institutional adoptions could cause a spike in Bitcoin’s spot price next year due to “demand shocks”. Meanwhile, BlackRock, the world’s biggest asset manager, said it thinks a portfolio could reasonably hold up to 2% of Bitcoin.

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