Global investment management firm VanEck has issued an ambitious price forecast for Bitcoin (BTC), predicting it could soar to as high as $180,000 during the next market cycle. This optimistic outlook is based on growing institutional adoption and the anticipated effects of Bitcoin’s halving event in April 2024, which traditionally reduces the supply of new coins, potentially driving up prices. VanEck attributes much of this expected surge to a more favorable regulatory environment and rising interest from institutional investors.
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Ethereum Set to Surpass $6,000 with DeFi and NFT Growth
Ethereum (ETH) is also poised for significant growth, with VanEck forecasting that the cryptocurrency could exceed $6,000 as it continues to dominate decentralized finance (DeFi) and non-fungible tokens (NFTs). While Ethereum is expected to outperform major tech stocks in the coming years, VanEck does not anticipate it surpassing Bitcoin in market capitalization. The Ethereum network’s ongoing improvements, including the rise of Layer 2 solutions and the integration of Ethereum Improvement Proposal (EIP)-4844, are expected to further drive adoption.
Solana to Surpass $500 as Blockchain Adoption Grows
Solana (SOL), another key player in the smart contract space, is expected to exceed $500 as its blockchain continues to be adopted for high-throughput decentralized applications. VanEck’s forecast highlights Solana’s increasing prominence in the crypto ecosystem, driven by its speed and scalability, which make it an attractive alternative to Ethereum.
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Market Correction Expected, but Long-Term Outlook Remains Positive
Despite the bullish predictions, VanEck cautions that the market may experience a correction in the summer of 2025. Bitcoin could face a 30% retracement, and altcoins like Ethereum and Solana may see declines of up to 60%. However, VanEck remains confident that by the fall of 2025, these cryptocurrencies will recover and reach new all-time highs, reinforcing their long-term growth potential.