According to COINOTAG News on November 15th, Matthew Sigel, the Director of Digital Asset Research at VanEck Investment Management, highlighted the potential for **Bitcoin’s price surge** to persist through 2025. Sigel drew parallels between the current surge and the rebound witnessed following the election of President-elect Donald Trump, similar to the bullish trend observed with Democratic candidate Joe Biden’s victory in 2020. He projects that this bullish cycle could see **Bitcoin** potentially double its value, reaching an astonishing **$180,000**. “As anticipated, Bitcoin has demonstrated a remarkable upward trajectory post-election. Currently, we are in unprecedented territory with no evident technical resistance, suggesting Bitcoin may achieve new **all-time highs** in the forthcoming quarters,” Sigel articulated. He further noted the historical precedent set four years ago when Bitcoin saw a doubling in price from the 2020 election until year-end, despite experiencing six significant corrections of 10%. Thus far, a **30% increase** has been noted, with several key indicators remaining positive, reinforcing expectations of a sustained uptrend.
Source: https://en.coinotag.com/breakingnews/bitcoin-price-surge-set-to-continue-insights-from-vanecks-matthew-sigel-predicting-180000-by-2025/