Jan van Eck, CEO of asset management company VanEck, shared his optimistic views on Bitcoin and its price in a recent television interview.
Van Eck began his remarks by comparing Bitcoin's performance in the 2010s to gold, which he described as “good.” At that time, there were interest rate increases and interest rates moved downwards again, falling to 0.25. Pointing out that gold rallied during this period, Van Eck expects BTC to show a similar performance with interest rate cuts.
However, van Eck rejected this idea, comparing Bitcoin to a still-growing child. Addressing the argument that Bitcoin is a bubble, he firmly expressed his belief that there is no bubble. He pointed out that although Bitcoin experienced a bubble in 2017, it reached all-time highs in 2021. “No bubble asset has ever outperformed itself in this way,” he said.
Van Eck: “Bitcoin Price Will Reach All-Time High in the Next 12 Months”
Looking forward, van Eck stated that he expects Bitcoin to reach all-time highs within the next 12 months. He also touched upon the halving event, which will take place in April and which he believes will be technically beneficial for Bitcoin.
Van Eck also made statements about Bitcoin ETFs. VanEck is among the companies that have filed to launch the first spot Bitcoin ETFs. When asked about the approval process, he speculated that the SEC might approve ETFs all at once, rather than on a firm-by-company basis.
*This is not investment advice.
