Donald Trump

Bitcoin

<p>Bitcoin continues to show impressive stability, oscillating between $79,000 and $81,000. This delights analysts who were already seeing the possibility of a bull run after the elections. In this context, Jan Van Eck, CEO of VanEck, has once again unveiled an ambitious prediction for Bitcoin, amid confidence in ETFs and the growing enthusiasm of institutional investors. And according to him, the skyrocketing rise of Bitcoin is far from stopping.</p>
<h2 id="h-bitcoin-une-prophetie-a-300-000">Bitcoin: a prophecy at $300,000</h2>
<p>Optimism reigns at VanEck. Its CEO, Jan Van Eck, believes that the <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow"><strong>price of</strong> <strong>Bitcoin</strong></a><strong> could surpass $300,000 as early as April 2025</strong>, with a goal of <strong>$100,000 by the end of 2024</strong>. With <strong>favorable conditions for cryptos</strong>, U.S. monetary policy and the adoption of Bitcoin ETFs combine to drive demand.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/cbemerine/status/1848337773968736442
 </div>
</figure>
<p>Indeed, Bitcoin crossed $79,645 last week, <a href="https://www.cointribune.com/en/another-new-peak-for-bitcoin-how-far-will-it-go/" target="_blank" rel="noopener noreferrer nofollow">over $80,000 yesterday</a>, a performance that has sparked waves of commentary among American traders and financial experts.</p>
<p>Van Eck does not mince words: for him, a Bitcoin at $300,000 is <strong>a “reasonable” figure</strong>. And he is not the only one who thinks that crypto-assets are destined for a surge: the chief investment officer of Fundstrat also bets on <strong>a six-figure BTC by the end of the year</strong>.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div>
</div> 
<p>Here’s what drives their enthusiasm:</p>
<ul>
 <li><strong>Rapid adoption of Bitcoin ETFs, with daily volumes exceeding $1.37 billion;</strong></li>
 <li><strong>Fed rate cut of 25 basis points, fueling investor appetite;</strong></li>
 <li><strong>New institutional momentum, particularly in the U.S., with specialized funds like BlackRock.</strong></li>
</ul>
<p>In this context, even Donald Trump seems to show support for <strong>making the United States the “world capital of Bitcoin”</strong>. With such political backing, the rise of Bitcoin seems inevitable.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://www.bitmart.com/register-referral/en?r=VanRSD" target="_blank" rel="noopener noreferrer nofollow">Your 1st cryptos with BitMart</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-marche-crypto-des-perspectives-en-or-pour-bitcoin-et-les-etf">Crypto market: golden prospects for Bitcoin and ETFs</h2>
<p>The crypto market is experiencing a resurgence in dynamism due to the <strong>massive influx of institutional funds</strong>. Bitcoin ETFs, long awaited, are now a powerful lever in the rise of BTC, to the point of surpassing historical records of well-established financial products like gold funds.</p>
<p>The numbers are indisputable: last week, <strong>BlackRock’s iShares Bitcoin Trust reached a net value of $33 billion</strong>, <a href="https://www.cointribune.com/en/bitcoin-dethrones-gold-the-crypto-market-is-buzzing-after-trumps-election/" target="_blank" rel="noopener noreferrer nofollow">even surpassing the firm’s famous gold ETF</a>.</p>
<p>” <em>It’s amazing!</em> ” said ETFStore president Nate Geraci, surprised by the speed of this trend reversal.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://coinbase-consumer.sjv.io/c/2801338/552039/9251" target="_blank" rel="noopener noreferrer nofollow">Your 1st cryptos with Coinbase</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>VanEck, for his part, sees this race for ETFs as <strong>a major force</strong> that could propel Bitcoin to the level of the gold market. For VanEck, BTC could <strong>reach half of the total market capitalization of gold</strong>, thus positioning itself as the “<em>new digital gold</em>” of the economy.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>However, the CEO remains cautious and mentions even more optimistic estimates within financial circles: some experts even suggest a Bitcoin at $5 million by 2050!</p>
<p>VanEck has never hidden his optimism for Bitcoin. From <a href="https://www.cointribune.com/en/bitcoin-at-52-million-dollars-vaneck-reveals-its-scenarios/" target="_blank" rel="noopener noreferrer nofollow">his predictions of $52 million by 2050</a> to his current target of $300,000 for 2025, the leader in ETFs remains true to his bullish convictions.</p>

Will Bitcoin Break The $300,000 Mark? Reasons To Believe It

Table of Contents

Cointribune EN

Other articles published on Nov 11, 2024

Next Cryptocurrency to Explode, November 10 — Cardano, Floki, EOS, Sui

Digital Asset Inflows Hit $1.98B Post-U.S. Election, Global AUM Reaches Record $116B

As Ethereum Fights for ATHs, This All-Sport Meme Token Gathers Momentum with 19,600% Bull Run Pot...

Privacy and Security on the Lightning Network

SUI Network Launches SnoozeCat: The Next Big Meme Coin Amidst Bull Run

ACT Token Surge 2000% After Binance Listing

Join our free newsletter for daily crypto updates!