- Bitcoin’s price has surged 30% since the U.S. elections, driven by renewed investor interest.
- VanEck projects Bitcoin could reach $180,000 in 2025, citing positive market indicators.
- Google searches for Bitcoin and app downloads signal growing retail and institutional interest.
Bitcoin has surged following the recent U.S. elections, with investment manager VanEck forecasting its value could climb to $180,000 in 2025. Matthew Sigel, VanEckās head of digital assets research, described the cryptocurrency as entering āblue sky territory,ā with no technical resistance hindering its upward trajectory.
Speaking on CNBCās Squawk Box on November 14, Sigel highlighted Bitcoin’s 30% increase since the pro-crypto presidential win on November 5. The cryptocurrencyās peak reached nearly $93,490 on November 13, per TradingView data.
Source: CNBC
Growing Institutional and Retail Interest
According to Sigel, calls from financial advisors seeking to initiate or expand Bitcoin exposure are increasing, indicating strong interest from the investment community. He likened the current trend to the post-2020 election rally when Bitcoin doubled in value within months.
VanEckās analysis points to a potential price of $180,000 next year, which would represent a 1,000% return from Bitcoinās cycle low. Sigel noted this would still make it the smallest cycle in Bitcoinās history by percentage gains, suggesting significant growth potential remains.
Market Indicators Signal Further Growth
Sigel pointed out that several metrics monitored by VanEck indicate the rally could continue. Google Trends data shows search interest for āBitcoinā has nearly tripled since early November, while app rankings for Coinbase reflect growing retail enthusiasm. Coinbase is now the top finance app on the U.S. Apple App Store and fifth in Google Playās finance category.
With Bitcoin trading near $88,100 on November 15, market momentum remains strong, supported by institutional inflows and rising public interest.
