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An analyst from VanEck predicts the establishment of a US strategic Bitcoin reserve next year, likely through executive action rather than Congressional legislation. This reserve could involve reclassifying the 200,000 Bitcoin already owned by the government. Additionally, states like Pennsylvania, Florida, or Texas may also pursue their own reserves.
Bitcoin could reach $180,000 in 2025 if key market indicators remain stable, according to Matthew Sigel of VanEck. He notes that Bitcoin typically sees strong performance in the two years following a halving event, with historical data suggesting a potential price surge from a low of $18,000. Sigel emphasizes the importance of monitoring derivatives funding rates, unrealized profits, and retail speculation as indicators of market health, while also projecting a long-term price of $3 million by 2050 if Bitcoin is adopted as a global settlement currency.

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