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Jan van Eck: "Bitcoin could reach $18 million in this bull market cycle"

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YM Lee
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  • Jan van Eck, CEO of VanEck, stated that Bitcoin has the potential to compete with gold as a value storage.
  • He mentioned that the value of Bitcoin is driven by its role as a global network, and it could reach $15 to $18 million in the future.
  • His expectation that Bitcoin could reach half of the total gold market capitalization indicates a potential for significant increase.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Global investment firm VanEck's CEO, Jan van Eck, expressed an optimistic outlook on Bitcoin.

According to a report by CryptoDNES on the 28th (local time), Jan van Eck emphasized that Bitcoin's true value comes from being a 'value transfer network'.

Jan van Eck stated, "Historically, Bitcoin has seen significant price increases after new supply decreases. As its use and adoption increase as a 'value transfer network', its overall value will rise."

He predicted that Bitcoin will become a competitive asset against gold. Van Eck mentioned, "Bitcoin can ultimately compete with gold as a value storage, and in the long term, it could reach half of the total gold market capitalization. In this bull market cycle, it is expected to reach $15 to $18 million, and in the subsequent cycle, it could surpass $40 million."

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