VanEck, a prominent asset management firm, predicts that Bitcoin could achieve an all-time high between late 2025 and 2026. This forecast is based on historical trends where Bitcoin peaks typically occur 12-18 months following halving events. The firm emphasizes Bitcoin's capped supply of 21 million coins and increasing institutional adoption as key factors driving this potential surge. VanEck projects that Bitcoin holdings could reach $196 billion by mid-2025, underscoring its role as a potential hedge against inflation due to its fixed supply and decentralized nature. Additionally, the firm highlights the importance of Layer-2 innovations, such as the Lightning Network, in expanding Bitcoin's use cases and enhancing its utility.