At the American investment company VanEck predicted , when the bull rally ends and the price of Bitcoin collapses.
It's all just beginning. Now. Bitcoin is in the stratosphere and is not experiencing any resistance. We believe that over the next two quarters, the Bitcoin rate will update its historical maximums several times, - said Matthew Siegel, head of research at VanEck.
Matthew Siegel
The current situation in the Bitcoin market is similar to the trend that emerged after the 2020 US presidential election. Four years ago, the value of BTC doubled in the month and a half following the vote. By analogy, we can assume that by December 20, 2024 kriptovalyuta will rise in price to $136.
Siegel said VanEck analysts are predicting a roughly 1000% increase in Bitcoin from its current cycle low of $16, which would see BTC rise to $364 by mid-May 2025. After the peak, Bitcoin will typically crash, so it will be important to get rid of your coins in time.
Matthew is betting on a continuation of the bull rally because Bitcoin is in high demand. According to Siegel, he is actively receiving calls from investment advisers who are either planning to invest in BTC or have already done so and want to buy even more coins. That is, the influx of capital into the Bitcoin market has not dried up, despite the huge pump in the cryptocurrency.
