VanEck, an asset manager worth $100 Billion said that its Bitcoin price target for this cycle is $180k. On Wednesday, Bitcoin pumped to $93,000 hitting its all-time high with a continuous surge after Trump’s win.
Although Bitcoin is down to $88,000 at this time after hitting an all-time high, VanEck’s Head of Digital Research believes that the token is “just getting started.”
In an interview with CNBC, Sigel related Bitcoin’s recent surge to “blue sky territory.” He is also convinced that the crypto asset has no technical resistance.
