In the cryptocurrency market, Bitcoin stands as a beacon of potential, drawing attention from institutional investors. Jan van Eck, CEO of VanEck, expressed his confidence in Bitcoin’s future, forecasting an all-time high next year.

His prediction is grounded in a deep understanding of market dynamics and Bitcoin’s unique position in the financial system.

Bitcoin to Reach New All-Time High in 12 Months

Bitcoin’s journey mirrors that of a prodigy growing up in plain sight. Starting from $3,000 in 2017, its value has skyrocketed, demonstrating resilience and an undeniable appeal to investors.

For this reason, Van Eck compared Bitcoin to gold, noting its similar behavior and potential as a store of value. This comparison is based on Bitcoin’s intrinsic qualities that resonate with traditional value-holding assets.

“[Bitcoin] is going to be an accompaniment to gold, I told people. That was in 2017… Bitcoin is up 10x now… I think Bitcoin is the obvious asset that is growing up in front of our eyes,” van Eck said.

Read more: How To Prepare for a Bitcoin ETF: A Step-by-Step Approach

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Author: Bary Rahma

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