American asset manager and crypto exchange-traded funds (EFT) issuer VanEck has predicted that the world’s leading crypto, bitcoin (BTC), will soar by about 80% from its current price to reach $180,000 in the coming year as investors and analysts anticipate a massive bull run in 2025.
In previous months, VanEck’s head of digital assets research, Matthew Sigel, has highlighted that this year’s bullish movement mirrors the 2020 pattern, which set up the massive uptrend in 2021.
2025 Bull Run Flow
According to the asset manager, the inevitable bull run will not only focus on BTC; altcoins like Ethereum (ETH), SUI, and Solana (SOL) will also soar in value as many investors who join the crypto market diversify their portfolios to include other assets, pushing their prices upward.
A highlight of VanEck’s prediction is the U.S. Securities and Exchange Commission’s (SEC) approval of new crypto ETFs, including the spot Solana ETF, within the first quarter of 2025. This will make the crypto surge to $500 per SOL by the 2025 bull run. Prior to this prediction, the agency has shed a green light on the ETF applications, signaling a potential approval in no distant time.
The asset manager noted that the market will not be all rosey next year. After reaching its mid-term peak in Q1 2025, BTC is expected to drop by 30%, while altcoins will double the price drop, retracing by about 60% in the summer. Thereafter, the market will surge, with ETH reaching $6,000 and SUI taking a position at the $10 mark.
VanEck also added that many countries will adopt crypto and bitcoin as the number of countries mining Bitcoin with government resources is expected to reach 14 in 2025.
Will the Market Reach These Highs?
The asset manager also highlighted a reason for its prediction of an upward trajectory, most of all the election of Donald Trump as the new president of the United States. The president-elect has appointed many pro-crypto personnel to take on pivotal positions under his administration, marking an end to anti-crypto policies and beginning a new era with frameworks centered around a strategic Bitcoin reserve.
Meanwhile, over 55% of VanEck’s predictions for 2024 played out, boosting confidence in its 2025 market expectations.
