VanEck anticipates Bitcoin reaching $180,000 by the first quarter of 2025 amid a dual-peak bull market.

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VanEck anticipates notable advancements for the cryptocurrency sector in 2025, including a dual-peaked and the potential for the US to recognize Bitcoin as a strategic reserve asset.

The firm’s report on 2025 predictions outlines milestones that could transform the function of digital assets within the global financial landscape, propelled by regulatory clarity and institutional momentum.

Bull market peaks and strategic US adoption

VanEck predicts a dual-peaked bull market, with Bitcoin () and Ethereum () achieving new highs in the first quarter, followed by a consolidation phase mid-year. Furthermore, a recovery in the fourth quarter is anticipated to push both assets beyond their previous peaks.

The firm expects Bitcoin to reach $180,000, Ethereum to rise to $6,000, and projects such as Solana (SOL) and Sui to attain values of $500 and $10, respectively. The report also foresees a significant shift in US policy regarding cryptocurrency.

During the Trump administration, crypto-friendly officials are likely to incorporate Bitcoin into both federal and state strategic reserves. States like Texas and Florida may independently establish Bitcoin holdings, while federal initiatives could utilize the Treasury’s Exchange Stabilization Fund.

Regulatory clarity is projected to draw global developers, increasing the US share of crypto talent from 19% to 25%. The firm also forecasts that the US share of the global hash rate will grow to 35%, supported by regulatory clarity and affordable energy.

VanEck further estimates a 43% rise in corporate Bitcoin holdings, with publicly traded companies exceeding 1.1 million BTC, surpassing the estimated holdings of Bitcoin’s creator, Satoshi Nakamoto. The firm believes this trend will reinforce America’s dominance in the global Bitcoin economy.

DeFi, Tokenized securities, and NFT revival

is set for unprecedented growth, with DEX trading volumes expected to reach $4 trillion and total value locked rebounding to $200 billion.

Ethereum’s function as a settlement layer will be enhanced as its blob space fees generate $1 billion by year-end, driven by Layer-2 rollups and high-value applications such as tokenized securities.

Tokenized securities, an emerging asset class, are anticipated to surpass $50 billion in value as blockchain technology facilitates equity and debt issuance. VanEck predicts that platforms like Coinbase may even tokenize their own shares, establishing a new benchmark for on-chain financial instruments.

The NFT market, which has experienced significant downturns in recent years, is projected to recover to $30 billion in trading volumes. VanEck attributes this revival to the increasing cultural relevance of established collections like CryptoPunks and Bored Ape Yacht Club, along with innovative projects like Pudgy Penguins evolving into consumer brands.

VanEck’s forecasts envision a transformative year, where regulatory advancements, technological innovations, and institutional adoption converge to influence the future of digital assets. The firm’s insights underscore the accelerating integration of cryptocurrencies into global finance and culture, positioning 2025 as a crucial year for the industry.

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