Van Eck reissues $180K Bitcoin price target for current market cycle
Van Eck says BTC can reach a price of $180,000 this cycle but warned that elevated funding rates could be showing early signs of “overheating.”
Global investment manager Van Eck has reissued its $180,000 price target for Bitcoin at the peak of the current cycle.
In its latest Bitcoin report on Nov. 21, Van Eck digital asset analysts Nathan Frankovitz and Matthe Sigel said the next phase of the crypto bull market is only “just beginning.”
They predicted that an increasingly friendly regulatory environment in the United States and growing institutional interest could catapult Bitcoin (BTC) to a price of $180,000 within the next 18 months.
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Author: Tom Mitchelhill
