VanEck CEO Jan van Eck suggested in a recent interview that Bitcoin could eventually reach $300,000, representing half the value of the global gold market.
Van Eck believes that this “reasonable, basic assumption” reflects Bitcoin’s potential to capture a significant portion of gold’s store of value market, especially as retail investors continue to show strong interest in Bitcoin ETFs.
When asked how Bitcoin would fare after reaching its all-time high, van Eck predicted more growth. “I think Bitcoin will reach and continue to reach its all-time highs,” van Eck said, emphasizing his view that the price of Bitcoin could reach levels equivalent to half the total value of gold, which he estimates to be around $300,000 per Bitcoin. While a Bitcoin maximalist might argue that Bitcoin could even surpass gold, van Eck takes a more conservative approach, calling $300,000 a balanced estimate.
Van Eck, who stated that the increase in individual investors in Bitcoin ETFs is a notable trend, stated that this demographic structure can play an effective role in shaping the US's cryptocurrency policy. Van Eck, who stated that recent political events have underlined the increasing influence of Bitcoin in the US, reminded that Bitcoin supporters came to the fore in the last elections and former President Donald Trump appeared at a Bitcoin convention. Van Eck expressed hope that BTC can become a bipartisan issue in the US and gain more balanced support across political lines.
*This is not investment advice.
