VanEck CEO Jan van Eck predicts that Bitcoin’s market value will eventually reach at least half of gold’s.
Timeframe
Van Eck estimates that it could take 5-10 years for traditional finance to fully embrace Bitcoin and drive its market cap to $7.85 trillion.
Challenges
Despite growing interest, traditional finance clients remain hesitant about Bitcoin. Van Eck believes that allocators need to become more open-minded and disciplined in taking advantage of Bitcoin’s potential.
Global Appeal
Van Eck notes an increasing demand for Bitcoin outside the United States, as investors seek alternatives to the SWIFT system and its associated political control.
Current Market
As of writing, Bitcoin is trading at $69,020, showing a 2% increase in the past 24 hours.
