An analyst at a prominent global investment firm thinks Bitcoin (BTC) could surge to $180,000 in the second half of 2025.

Matthew Sigel, the head of digital assets research at VanEck, says in a new interview with David Lin that his target is based on an analysis of previous BTC cycles.

Sigel cautions, however, that Bitcoin will need to get through the current “macro-driven” period of uncertainty to reach that $180,000 level. He says he’s been encouraged by the spike in interest he’s seen in Bitcoin exchange-traded funds (ETFs) from traditional asset managers.

“My inbound phone calls are up like 300% from investment advisers who were afraid to allocate to Bitcoin ETFs and now with the election and the change in administration, they’re much more open to discussing the investment case for Bitcoin.” 

The research analyst also shares his 2026/2027 outlook for the top crypto asset.

“For those advisers taking a longer-term perspective, we benchmark Bitcoin against gold, specifically the 50% of the gold market that is more speculative in nature. So about half of gold goes into jewelry or industrial use cases, but putting that aside, if Bitcoin can reach the 50% of gold that’s speculative in nature, that would imply roughly $450,000 per coin.” 

BTC is trading at $83,900 at time of writing.

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