Investment management firm VanEck has released a bullish report predicting Bitcoin’s price could reach $180,000, fueled by the pro-crypto stance of the Trump administration. The firm believes the recent post-election rally, mirroring a similar surge in 2020, marks the beginning of the next phase of a Bitcoin bull market.
VanEck cites several factors contributing to this optimistic outlook. First, the removal of regulatory hurdles is expected to drive significant growth. The report anticipates that the Financial Innovation and Technology for the 21st Century Act (FIT21) will be rewritten with market- and privacy-friendly terms. Furthermore, new stablecoin legislation is expected to empower state-chartered banks to issue stablecoins without Federal Reserve approval, potentially bolstering the U.S. dollar’s global influence.
The report highlights President Trump’s campaign promises to prioritize the crypto industry, including ending the SEC’s “regulation by enforcement” approach. VanEck anticipates the appointment of pro-crypto figures across the executive branch and the potential for a national Bitcoin reserve. The firm also predicts the repeal of the Securities Act of 1933 (SAB) within Trump’s first quarter, potentially prompting banks to offer crypto custody solutions.
Looking ahead, VanEck expects the SEC to approve ETH ETFs with staking support by 2025, alongside the acceptance of a SOL ETF and improvements to ETF tax efficiency and liquidity. The report also suggests that potential energy deregulation under the Trump administration could further benefit Bitcoin mining, aligning with the President’s previous acknowledgement of the shared energy demands of Bitcoin mining and artificial intelligence.
VanEck’s analysis suggests that the recent election marks a turning point for the crypto industry, reversing years of offshoring and positioning the U.S. as a global leader in crypto innovation. The firm believes this shift will transform crypto into a critical industry for domestic growth and a key export to emerging markets.
While Bitcoin dominance has recently risen, VanEck anticipates this trend might peak soon. The report suggests that President Trump’s broad support for the crypto space will likely stimulate investment across the entire asset class, benefiting not only Bitcoin but also DeFi and other cryptocurrencies. This influx of both crypto-native and institutional capital is projected to boost returns across the broader crypto market. The firm, however, remains cautious about potential market overheating and continues to monitor key indicators.
