Jan van Eck, CEO of VanEck, predicts that Bitcoin will reach a new all-time high in the next 12 months. The CEO released the statement during an interview with CNBC surrounding the topic.
Besides this, the CEO also stated that no internet store of value is capable of leapfrogging Bitcoin. VanEck holds the highest position in the financial market as an investment management firm.
Thus, its CEO making such a bold statement works in favor of Bitcoin and cryptocurrencies in general. Jan van Eck holds over 76.4 billion dollars in assets under management. The CEO has repeatedly crushed accusations, stating BTC is in a bubble.
Jan van Eck argues that no asset in history has been in a bubble while continuing to outperform itself in every market cycle. There are over 50 million Bitcoin users in the world, so the currency has network effects.
BTC stands as the obvious asset that is growing and making history in front of everyone’s eyes, added van Eck. The CEO also made a massive Bitcoin price prediction, forecasting that Bitcoin will hit an all-time high in the next 12 months. During the interview, van Eck touched on topics like the macrocycle and spot Bitcoin ETF efforts.
Jan van Eck founded VanEck back in 1955 with his father, John van Eck. The CEO believes he has invested value in DNA, and he sees BTC becoming a store of value paralleling gold. VanEck made history in 1968 by launching the first gold fund in the US.
So Jan van Eck knows the market and has been a part of it for several decades. In fact, VanEck is among the 13 applicants aiming to get a spot in the Bitcoin ETF approved in the US. The CEO expects the SEC to approve the BTC ETFs on the same day.
As for the day, Jan van Eck foresees the SEC releasing the approval in the first week of January. If the approval comes through, Bitcoin will be en route to breaking its all-time high set a couple of years ago. The crypto is currently priced at 41,152 dollars, with 13.44% growth in the past month.