Vaneck Market Outlook: Bitcoin Year-End Target Price Remains Unchanged at $180,000

BlockBeats News, August 19 — Vaneck has published a summary of key market highlights from mid-July to mid-August as follows:

1. Bitcoin (BTC) rebounded to a new all-time high of $124,000, with the CME benchmark reaching its annual peak; the year-end Bitcoin target remains at $180,000.

2. Divergence among Bitcoin miners: APLD rose; although U.S. miners now account for 31.5% of global hash rate, most miners underperformed.

3. Digital asset treasury companies (DATS) saw a decline in mNAV: low volatility has suppressed both financing and growth.

Additionally, Vaneck noted that as autumn approaches, a large number of outstanding options positions have increased the likelihood that even minor volatility could trigger significant price swings due to dealer hedging. For DAT, prolonged low volatility may limit financing capacity, further compressing mNAV. Macroeconomic developments and the seasonal return of investors could sustain Bitcoin’s momentum or trigger profit-taking. Nevertheless, we continue to uphold our year-end BTC price target of $180,000.