The price of bitcoin may skyrocket to $180,000 in 2025, according to the fund issuer VanEck, reflecting ongoing positive sentiment around the world’s largest cryptocurrency.

“It is just getting started,” Matthew Sigel, VanEck’s head of digital assets research, told CNBC’s Squawk Box. “We’re now in blue sky territory, no technical resistance, and we think we are likely to make repeated all-time highs over the next two quarters.”

Bitcoin is currently trading above $94,000, and has jumped approximately 30% since the day after the 2024 presidential election. The world’s largest cryptocurrency is also fast approaching $100,000, signaling an upward price trajectory that is only expected to accelerate in the first few months of the new presidential administration. Earlier this month, bitcoin topped $93,000, after beginning 2024 at a substantially lower price level.

"The election sprung us into the next stage of the bull market,” Burnt Banksy, founder of Xion, told TheStreet Crypto. “Everything right now feels euphoric, all-time highs are being hit every day and sentiment has skyrocketed.”

“Those who have been working through the bear market understood the value of security and legitimacy,” he added, emphasizing how crypto projects are thriving thanks to shifting consumer attitudes and increased institutional involvement.

"The best projects have the most institutional presence, ensuring a sense of security during tumultuous times," Banksy told TheStreet Crypto. "What we’re seeing now is a shift in consumer behavior as the last large infrastructure launches have proved less successful. What once was a partnership to strengthen two brands is now jokingly referred to as logo x logo and people see beyond the veil."