$BTC This morning, VanEck published the Mid-August 2025 Bitcoin ChainCheck report, analyzing key BTC metrics. The company forecasts that Bitcoin will reach $180,000 by the end of the year.

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VanEck highlighted several trends supporting this optimistic forecast. Institutional investments play a key role in the growth, and there are currently no significant negative factors.

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VanEck's forecast for Bitcoin:

VanEck, a leading crypto-ETF issuer, has extensive experience studying market trends and draws important conclusions about potential price changes.

VanEck reaffirms its forecast that BTC will reach $180,000 in 2025:

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"As autumn approaches, interrelated risks and opportunities arise. Macroeconomic changes and the return of investors could either support Bitcoin's growth or lead to profit-taking. Nevertheless, we are confident in our target — $180,000 per BTC by the end of the year," the report states.

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In the Mid-August 2025 ChainCheck report, the company analyzes several key data points.

Data analysis:

The company notes that the recent historical peak of BTC coincided with a favorable moment: 92% of on-chain holdings were already profitable before the short-term jump.

Additionally, growing corporate investments have supported BTC, even as Ethereum attracted significant institutional investments. VanEck claims that the ongoing commitment to Strategy has sparked new interest in Bitcoin.

This situation is repeated in several areas of analysis.

For example, BTC's on-chain dominance has lost ground compared to ETH, partly due to a decrease in the use of Ordinals.

Nevertheless, VanEck does not see this as a serious problem for Bitcoin, as corporate capital maintains low volatility.

BTC mining difficulty reached a record high last month, but mining revenues continue to grow. VanEck noted a partial retreat of T*****f from Bitcoin but does not see this as a negative factor.

The American mining sector is capturing an increasing share of the global hash rate as the market consolidates.

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However, there are a few points that raise concerns.

VanEck noted that corporate Bitcoin treasuries could trigger a significant downturn. If BTC volatility remains low for an extended period, it could hinder capital attraction for future purchases, which in turn could exacerbate negative price movements.

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Overall, VanEck's forecasts remain very optimistic.