Bitcoin (BTC) experienced a sharp rise last night, climbing above $70,000.
After subsequently falling back to the $68,000 level, expectations for a further rise in Bitcoin have increased.
At this point, the VanEck CEO stated that Bitcoin had hit its bottom and was showing signs of a positive recovery.
Speaking to CNBC, VanEck CEO Jan Van Eck shared his views on cryptocurrencies.
Van Eck’s CEO stated that Bitcoin follows a four-year investment cycle, with 2026 being the fourth year marked by a sharp decline.
According to the renowned CEO, Bitcoin follows a specific investment cycle: “three consecutive years of growth, followed by a typical sharp decline in the fourth year.”
However, while Bitcoin is still more than 50% below its peak last October, it is recovering today. The VanEck CEO also stated that in this typical year of decline, signals of bottoming out, stability, and recovery are beginning to emerge.
“…Since 2026 is the fourth year here, we are currently in a crypto bear market, including Bitcoin.”
But from my point of view, we’re hitting rock bottom given the current situation, which is a really good sign of recovery.”
However, other analysts in the market argue that Bitcoin could reach $40,000, while pointing to June and December as the bottom.
*This is not investment advice.
