Global investment firm Van Eck recently predicted a significant surge in Bitcoin’s price, projecting it to reach $180,000 by the end of 2024. Their confidence stems from their deep expertise managing large funds and observing the dynamic growth of DeFi and increased institutional investments in Bitcoin. While this prediction is based on historical data like CME basis hitting yearly highs, the current market performance remains volatile with fluctuations between $114k-$119k. The firm maintains that a rate cut by the Federal Reserve could further boost Bitcoin’s price to its predicted level. This optimism comes from the anticipation of a potential rate reduction by the Fed, which could lead to increased investment in crypto assets and potentially propel Bitcoin to even higher prices.