VanEck Crypto Predicts $180K Bitcoin in Current Bull Run

VanEck Crypto Targets $180K BTC Amid Market Momentum

Bull Market Just Getting Started, Says Van Eck

Global investment manager Van Eck has reaffirmed its bold Bitcoin price target of $180,000 for the ongoing market cycle. In its latest Bitcoin report released on Nov. 21, analysts Nathan Frankovitz and Matthe Sigel stated that the next phase of the crypto bull market is only beginning. They emphasized that factors such as a favorable regulatory environment in the United States and growing institutional interest are key drivers that could propel Bitcoin (BTC) to this milestone within the next 18 months.

Bitcoin Inches Closer to $100,000 Amid Trump Victory Hype

Bitcoin’s recent price surge has been partially attributed to optimism following Donald Trump’s reelection victory. Over the last 24 hours, BTC touched $99,800, coming tantalizingly close to the $100,000 mark. At the time of writing, Bitcoin is trading at $98,500, a 1.5% move away from setting a new all-time high, according to TradingView data. Analysts have suggested that Bitcoin could surpass $100,000 within days if current momentum holds.

Elevated Funding Rates Signal Momentum but Risk Overheating

Van Eck’s report highlighted a significant market shift, noting that funding rates for Bitcoin perpetual futures contracts have exceeded 10% as of Nov. 11. Elevated funding rates often indicate strong bullish sentiment and increased short- to medium-term momentum. Historically, such conditions have been linked to higher 30- to 90-day returns. However, the report also warned that prolonged elevated funding rates could lead to market overheating. Investments made during such periods have shown underperformance over longer time horizons, particularly over one to two years.

Mixed Predictions for Bitcoin’s Near-Term Performance

Market analysts are divided on Bitcoin’s immediate trajectory. While some anticipate BTC to comfortably breach $100,000 by the end of the year, others caution against potential corrections. Regardless, Van Eck’s $180,000 target reflects its confidence in Bitcoin’s potential as a leading digital asset in a rapidly evolving financial landscape.