VanEck CEO: Bitcoin remains unrivaled as a store of value

VanEck CEO Jan vanEck said Bitcoin remains superior to other digital assets as a store of value.

VanEck CEO @JanvanEck3 expects Bitcoin all-time-high in the next 12 months. “It’s an asset that’s growing up in front of our eyes.” Also some good notes on the spot Bitcoin ETF effort and macro cycle. pic.twitter.com/02qZOVBPyx

— Gabor Gurbacs (@gaborgurbacs) December 16, 2023

“I think it’s hard to imagine any other internet store of value outrunning Bitcoin. Digital gold has 50 million users, so it has a network effect,” he told CNBC.

VanEck CEO also rejected claims that Bitcoin is in a “bubble.” In his view, no asset that outperforms itself in every new bull cycle can be described as inflated.

VanEck stressed that in the next 12 months Bitcoin will reach a record high. The asset has already become a full complement to gold, he said.

With regard to a Bitcoin-based ETF, the executive suggested that the US Securities and Exchange Commission would approve all applications in one day. VanEk — один из 13 претендентов на запуск спотового ETF.

Earlier VanEk predicted “a very exciting spring” for investors. He says that a rate cut by the Fed could coincide with халвингом and potential launches of exchange-traded crypto funds.

Back in December, CEO JAN3 Samson Mow predicted Bitcoin’s rise to $1 million, driven by the approval of spot Bitcoin ETFs.