After the US presidential election, Bitcoin (BTC-USD) updated its historical maximum, reaching $93,000 on November 13. Matthew Sigel, head of digital asset research at the investment company VanEck, expects that in the next six months, BTC can reach even higher values, up to $180,000.
Since November 5, the day of the US presidential election, Bitcoin has grown by about 34%, trading on November 18 at $91,240. As Sigel noted, the growth may continue in 2025.
BTC Can Reach $180,000
VanEck is a global investment company with under management $100 billion in assets. It is considered a pioneer in innovative exchange-traded funds (ETFs), including the first VanEck Gold Bullion ETF (ASX:NUGG). In early January, the company received approval to launch a Bitcoin ETF. As of mid-November, VanEck’s Bitcoin fund had $17 billion in assets under management.
According to Sigel's calculations, the price of Bitcoin could double, rising to $180,000 over the next two quarters, that is, by mid-2025.
“It is just getting started,” Sigel told CNBC. “We’re now in blue sky territory, no technical resistance, and we think we are likely to make repeated all-time highs over the next two quarters."
Still, positive expectations for Bitcoin growth do not guarantee that the market will grow permanently. According to VanEck, there were about six price corrections of 10% each in 2020 between the election and the end of the year: “The same patterns occurred four years ago, and a number of indicators that we track still point to a continuation of the rally.”
Copper.co analysts came to similar conclusions about the continued growth of the main cryptocurrency. They believe that the BTC price peak in the current bullish period may occur in mid-2025. The experts' data is based on the duration of previous cycles, although they do not predict the price level, as in the case of VanEck, where they indicated $180,000 per Bitcoin.
Indeed, the previous Bitcoin price rally lasted for several months after the 2020 elections. Then, starting from November 6, the price of the first cryptocurrency rose from about $15,000 to $29,000 by December 31. And the maximum value of that cycle was $63,000 in April 2021, according to CoinMarketCap.
“Our price target for this cycle is $180,000, which would represent a 1,000% return from the bottom", Siegel specified.
Similar calculations for the time of the price peak were given by the analytical crypto company Cryptorank in October 2025. The company also noted a potential scenario for the general market growth before that time — the onset of the so-called altcoin season.
Interest in Bitcoin
As an example of the indicators that VanEck tracks to determine the state of the cryptocurrency market, Sigel noted the rise in Bitcoin searches via Google (NASDAQ:GOOGL).
The popularity of the Bitcoin query, according to Google Trends on November 15, is 46, which is comparable to the peaks in 2020 and 2021. While this is half the all-time high of 100 at the end of 2017, the indicator has only risen higher twice in the entire history of observation (both in 2021, with peaks of 72 and 67).
Sigel noted the significant rise in downloads for the U.S. crypto exchange Coinbase (NASDAQ:COIN) app, which climbed to 9th place in the U.S. App Store's most downloaded free iPhone apps on November 14, up from 435 before the election.
Coinbase also secured the top spot in the Finance category. Other crypto-related apps saw increased downloads: Robinhood (NASDAQ:HOOD) ranked 2nd, and Crypto.com ranked 5th in the Finance category. On Google Play, Crypto.com was 2nd, Coinbase 5th, and Robinhood 9th, reflecting a surge in interest in crypto trading platforms.
In previous cycles, as The Block writes, the Coinbase application was in the top 10 when the cryptocurrency market was approaching peaks. Based on this, we can expect that following Bitcoin reaching new price highs, interest from retail traders will grow.