VanEck Predicts 'Crypto Bull Market to Continue Next Year... Bitcoin Expected to Surpass $180,000'

U.S. asset management firm VanEck predicts that the crypto (cryptocurrency) bull market will continue into next year.

On the 13th (local time), VanEck stated on its official X, "The crypto market's bull run will reach a mid-term peak in the first quarter of next year and then hit a new high in the fourth quarter," adding, "Bitcoin and Ethereum could each surpass $180,000 and $6,000 next year." Additionally, Solana and Sui are expected to exceed $500 and $10, respectively, by next year.

They also addressed the effects of President-elect Donald Trump's crypto-friendly stance.

VanEck stated, "First, the U.S. will adopt Bitcoin as a strategic reserve," adding, "Furthermore, the U.S. Securities and Exchange Commission (SEC) will approve various crypto spot ETFs with new leadership and include staking in Ethereum spot ETFs."

The Token Securities (ST) market is expected to exceed $50 billion. While issuance has so far been limited to permitted chains, the value of ST is expected to surge next year as the Depository Trust & Clearing Corporation (DTCC) seeks connections with public and private chains.

Regarding stablecoins, they stated, "Daily settlement volume is expected to reach $300 billion by the end of next year," and evaluated that "stablecoins will revolutionize payments."

There is also a prediction that the stagnant Non-Fungible Token (NFT) market will recover its trading volume to $30 billion by next year, led by Pudgy Penguins. Additionally, the total value locked (TVL) in Bitcoin Layer 2 is expected to reach 100,000 BTC.