Jan van Eck, the CEO of investment management company VanEck, has expressed his belief that Bitcoin, the world’s first cryptocurrency, holds significant advantages over other digital assets. In an interview with CNBC, van Eck stated, “I can’t imagine any other asset will overtake Bitcoin.” He sees Bitcoin as a superior store of value and anticipates it reaching new all-time highs within the next year.
“Bitcoin has 50 million users. Bitcoin is a clear asset that is growing before our eyes,” van Eck emphasized.
Furthermore, van Eck dismissed the notion that Bitcoin is a “bubble,” asserting that an asset that consistently surpasses its previous records during every uptrend cannot be considered “inflated.”
VanEck is currently among 13 companies seeking approval from the US Securities and Exchange Commission (SEC) for a Bitcoin spot exchange-traded fund (ETF). It is anticipated that approval for new products could be granted as early as January 2024.
In a separate development, CoinShares analysts recently released a report indicating that inflows into cryptocurrency funds surpassed $103 million as of last week.