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VanEck Predicts Crypto Bull Market to Continue Next Year, Bitcoin Expected to Surpass $180,000
- VanEck stated that the bullish trend in the cryptocurrency market will continue next year, with Bitcoin and Ethereum expected to exceed $180,000 and $6,000 respectively.
- The United States is expected to adopt Bitcoin as a strategic reserve, and the SEC will approve various cryptocurrency spot ETFs.
- The daily settlement volume of stablecoins is expected to reach $300 billion, revolutionizing payments.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
U.S. asset management firm VanEck predicts that the bullish trend in the cryptocurrency market will continue into next year.
On the 13th (local time), VanEck stated on its official X that "the bull market in the cryptocurrency sector 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 exceed $180,000 and $6,000 respectively next year." Additionally, Solana and Sui are expected to surpass $500 and $10 respectively by next year.
The potential effects of President-elect Donald Trump's crypto-friendly stance were also highlighted.
VanEck mentioned, "First, the United States will adopt Bitcoin as a strategic reserve," and "the U.S. Securities and Exchange Commission (SEC) will approve various cryptocurrency spot ETFs with a new leader and include staking in Ethereum spot ETFs."
The market size of token securities (ST) is expected to exceed $50 billion. Although issuance has so far been limited to permitted chains, the value of ST is anticipated to surge next year as the U.S. Depository Trust & Clearing Corporation (DTCC) seeks connections with public and private chains.
Regarding stablecoins, it was stated that "daily settlement volume is expected to reach $300 billion by the end of next year," and that "stablecoins will revolutionize payments."
There is also a prediction that the stagnant non-fungible token (NFT) market will recover to a trading volume of $30 billion by next year, led by projects like Pudgy Penguins. Additionally, the total value locked (TVL) in Bitcoin Layer 2 is expected to reach 100,000 BTC.