It is one of the largest investment banks in America. VanEckIts CEO has stated that Bitcoin is likely to reach at least half of the gold market value. Jan van Eck, a prominent digital asset expert, recently talked about what could become a massive ascent.
It is a good idea to get a hold of a person who can help you. interview with Scott Melker, VanEck said that Bitcoin’s market capitalization could eventually exceed $7 trillion. The figure is half that of the gold market cap, which stands at $15 trillion. It represents a huge shift in BTC’s integration into the financial sector.
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VanEck CEO predicts $7T Bitcoin market cap
Bitcoin was one of 2024’s most talked about assets within the financial sector. In January the US Securities and Exchange Commission approved spot Bitcoin ETFs, increasing the exposure of digital assets to institutional investors.
VanEck’s CEO was one of the most prominent participants. He shared his expectation that Bitcoin would eventually reach a value half as high as gold. This would put the asset’s value at $7 trillion, and be the result a major shift in the financial landscape.
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Jan van Eck said Bitcoin will “eventually become at least half the market cap of gold. So I think that takes another 5 to 10 years. Our TradFi clients are still very confused by Bitcoin, and they don’t want to talk about it, but their clients make them talk about it.”
“So, we have a long way to go,” Van Eck commented on the possible increase in market capitalization of Bitcoin. VanEck believes that Bitcoin will eventually reach a $1.3 trillion market cap. They could be indicating a significant change in the cryptocurrency market. next BTC has been around for a decade, as well as the whole market.
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Source: watcher.guru