Matthew Sigel, VanEck’s Head of Digital Research, has painted a promising future for Bitcoin going into 2025.

According to him, the world’s largest cryptocurrency could reach successive all-time highs (ATH) over the next few quarters, potentially climbing as high as $180,000.

Bitcoin’s Current Market Trajectory

In a November 14 interview on CBNC, Sigel suggested that the push could come from current market dynamics, which show minimal technical resistance.

Over the last few days, the asset went on a rampaging run, breaking its ATH price on several occasions, including a brief foray above $93,000, before returning to its current level of around $89,000.

His assertion is backed by historical trends, which show that the OG cryptocurrency often makes substantial gains after U.S. elections regardless of who ends up in the White House.

“We are likely to make repeated all-time highs over the next few quarters. The same pattern played out four years ago between the election and the end of the year in 2020. Bitcoin doubled, and there were about six 10% corrections, so it is not going to be a straight line,” said Sigel.

According to the expert, Bitcoin is entering the early stage of a strong bullish phase. He also highlighted the incoming government’s attitude towards BTC, which is expected to be more favorable, a crucial development that could catalyze wider adoption and further price increases.

“Our target is $180K; we think we could reach that next year,” Sigel said, noting that it would be a 1000% return from the bottom to the peak of the current cycle.

More influential figures advocating crypto as a legitimate asset class support the shift. Additionally, traditional investment behemoths are contemplating larger allocations, illustrated by Goldman Sachs’s recent