- The CEO of VanEck, Jan van Eck, recently made a prediction about the price of the first cryptocurrency, Bitcoin.
- According to van Eck, Bitcoin will reach its all-time high within the next 12 months.
In an interview with CNBC, Jan van Eck compared Bitcoin to gold, noting that both assets tend to move in the same direction. He also mentioned the upcoming halving event and the potential approval of spot ETFs as factors that could contribute to a price increase for Bitcoin.
Van Eck emphasized that Bitcoin is a unique asset that is difficult to replicate or surpass. He dismissed the notion that Bitcoin is a bubble, pointing out that it has consistently outperformed itself.
“Nothing that has ever been a bubble has ever outperformed itself, which is something Bitcoin has done quite a few times,” VanEck CEO explained.
When asked about the possibility of another asset displacing Bitcoin in the future, van Eck expressed skepticism, stating that he doesn’t see any other online store of value with the same potential.
It is worth noting that VanEck analysts have previously made predictions about the cryptocurrency market, including an economic crisis in the United States, a new all-time high for Bitcoin, and the rise of projects like Solana.