VanEck, an asset management company overseeing $133 billion, reaffirms its ambitious $180,000 Bitcoin 
$89,100 forecast, initially announced in December 2024. This declaration comes despite market volatility and regulatory pressures. A mid-July to August update highlights Bitcoin’s resurgence, reaching $124,000 on August 13, surpassing its July peak of $123,838, providing context for the upward trajectory.
Data & Indicators Supporting the $180,000 Target
According to VanEck’s August 18, 2025 bulletin, Bitcoin dropped to $112,000 in early August, but 92% of Blockchain balances remained profitable. The price later rebounded to $124,000, breaking the July record, with six current market indicators supporting the year-end target of $180,000. VanEck reiterates its belief in the enduring value and adoption of cryptocurrencies.
CME’s base funding rates soared to 9%, the highest since February, indicating renewed speculative interest. In July, purchases of Exchange Traded Products (ETP) and Crypto Asset Treasuries (DATs) added 54,000 and 72,000 BTC, respectively. These inflows helped establish a supportive backdrop as prices tested new highs.
As VanEck updates the market narrative, it emphasizes maintaining its $180,000 forecast, consistent with current price behaviors. Purchases from institutions and derivative market signals form the basis of this assessment.
Divergence in Miners and Treasury Trends
On the mining side, VanEck notes a significant divergence. While APLD shares surged, most miners lagged. Meanwhile, U.S.-based miners increased their global hash rate share to 31.5%. This production side differentiation reflects competitive conditions within the sector as prices explore new highs.
DATs’ mNAVs witnessed a decline, curtailing volatility, funding, and growth rates. The resulting scenario emphasizes cautious treasury management and selective risk appetite. ETP and treasury accumulations’ strong contribution in July continues to balance overall demand dynamics.
