Matthew Sigel, head of digital asset research at investment management firm VanEck, predicts the price of Bitcoin will continue to rise until at least 2025.
In an interview with CNBC, Sigel noted that the recent rise in the price of Bitcoin, following the nomination of President-elect Donald Trump, is similar to the post-election rally in 2020, when Joe Biden was elected.
Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
Sigel estimates that during this bull cycle, the price of bitcoin could double to $180,000. He believes that with no major technical barriers and high volatility, Bitcoin can see repeated all-time highs in the next two financial quarters, ending March 31 and June 30, 2025.
Since the US election on November 5, the price of Bitcoin has seen a significant increase, reaching above $90,000.