The head of digital assets research at VanEck believes that Bitcoin has significant upside potential. He suggests that over the near term, Bitcoin could increase by around 87% from its current price if it behaves similarly to previous market cycles. This would result in a price of roughly $180,000 for this cycle, with a peak expected in the fourth quarter of this year. Furthermore, if Bitcoin is widely adopted as a reserve asset, it could surpass 50% of the gold market cap and reach a price target of $450,000 over the medium term. At the time of writing, Bitcoin is trading at $96,173.



Other News from Today