{"id":2761,"date":"2024-11-15T16:33:29","date_gmt":"2024-11-15T16:33:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2761"},"modified":"2024-11-15T16:33:29","modified_gmt":"2024-11-15T16:33:29","slug":"vanecks-top-researcher-predicts-180000-bitcoin-bull-run-top-heres-when","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2761","title":{"rendered":"VanEck\u2019s Top Researcher Predicts $180,000 Bitcoin Bull Run Top: Here\u2019s When"},"content":{"rendered":"
\n

In a recent interview<\/a> on CNBC\u2019s \u201cSquawk Box,\u201d Matthew Sigel, Head of Digital Assets Research at VanEck, predicted that Bitcoin\u2019s current rally is \u201cjust getting started\u201d and is expected to continue for at least two more quarters. The BTC price briefly surpassed $93,000 on Wednesday before experiencing a slight pullback, marking an impressive gain of over 150% this year.<\/p>\n

VanEck\u2019s Bitcoin Bull Run Prediction<\/h2>\n

\u201cWe think it\u2019s just getting started. As we expected, Bitcoin saw this high volatility pump after the election. We\u2019re now in blue sky territory, no technical resistance. We think we\u2019re likely to make repeated all-time highs over the next two quarters,\u201d Sigel remarked.<\/p>\n

The expert drew parallels to Bitcoin\u2019s performance four years ago, noting that between the election and the end of 2020, the digital asset doubled in value. He acknowledged that while \u201cthere were about 6-10 corrections,\u201d multiple indicators suggest the current rally will continue. \u201cWe\u2019re up 30% so far [since Trump was elected], and a number of indicators that we track are still flashing green,\u201d he added.<\/p>\n

A significant factor contributing to this optimistic outlook is a perceived shift in government support for Bitcoin. \u201cThis is a state change in terms of government support,\u201d Sigel said, highlighting that key figures in the administration<\/a>, including the Vice President, Attorney General, Director of Defense, National Security Advisor, and possibly even the Secretary of Treasury, are pro-Bitcoin.<\/p>\n

Sigel also pointed out that the anticipated end of \u201cregulation by enforcement<\/a>\u201d from agencies like the SEC would positively impact the industry. \u201cWe\u2019re already seeing the economic impact of that,\u201d he noted. \u201cThere are crypto projects that are announcing that they\u2019re going to hold conferences in the US for the first time ever, and open offices in the US and New York. It\u2019s just great for US jobs and GDP.\u201d<\/p>\n

Institutional interest in Bitcoin is on the rise as well. Sigel reported an increase in inquiries from investment advisors seeking to initiate or expand their exposure to Bitcoin through spot Bitcoin ETFs<\/a>. \u201cThe number of calls that I\u2019m getting inbound from investment advisors who are at zero and looking to get to 1% or at 1% and looking to get to 3%\u2014these calls are starting to accelerate, and we think the flows are going to follow,\u201d he explained.<\/p>\n

Regarding market sentiment indicators, Sigel mentioned that mainstream interest has not yet reached previous highs, suggesting room for further growth. \u201cGoogle searches are nowhere near where they were four years ago,\u201d he observed. \u201cCoinbase\u2019s rank in the Apple and Android app stores is nowhere near where it was four years ago.\u201d<\/p>\n

VanEck has set a price target of $180,000 for Bitcoin in the current bull run, which Sigel believes could be reached next year. \u201cThat would be a 1,000% return from the bottom to the peak of this cycle\u2014that\u2019s still the smallest Bitcoin cycle by far,\u201d he stated.<\/p>\n

The discussion also touched on potential regulatory changes, including the possible departure of SEC Chair Gary Gensler. While acknowledging that \u201cthe disappointment phase will set in one to two quarters after the inauguration,\u201d Sigel suggested that the overall impact of reduced regulatory pressure would be positive. \u201cOne is just the positive impact on dynamism when you stop suing people for breaking rules that have never been written down,\u201d he commented.<\/p>\n

Sigel also highlighted the broader implications of legitimizing Bitcoin as a reserve asset, which could \u201cpave the way for it to be used as a global settlement currency, as the BRICS countries<\/a> have been doing.\u201d He also emphasized the potential synergy between Bitcoin and artificial intelligence. \u201cPresident Trump recognizes the synergies between Bitcoin and AI\u2014they are two sides of the same coin,\u201d he said. \u201cIf you want to have cheap AI, you\u2019re going to want to combine it with Bitcoin mining to take advantage of that cheap power.\u201d<\/p>\n

At press time, BTC traded at $90,816.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

In a recent interview on CNBC\u2019s \u201cSquawk Box,\u201d Matthew Sigel, Head of Digital Assets Research at VanEck, predicted that Bitcoin\u2019s current rally is \u201cjust getting started\u201d and is expected to continue for at least two more quarters. The BTC price briefly surpassed $93,000 on Wednesday before experiencing a slight pullback, marking an impressive gain of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2761","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2761"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2761\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}