VanEck chief predicts ‘a very exciting spring’ for crypto investors

‘Politically motivated’ rate cut by the Fed could coincide with halving and potential launches of spot Bitcoin-ETFs, setting in motion a ‘very exciting spring’ for crypto investors. This view выразил VanEck CEO Jan van Eck in the Empire podcast.

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\n‘We are close to the end of the monetary tightening cycle. We are definitely closer to the end than to the beginning,’ the executive said.

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He suggested that there are ‘at least six months’ left until the Fed begins cutting rates.

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The head of VanEck expressed optimism about the potential approval of the first spot Bitcoin ETF in the United States. In his view, the SEC is unlikely to grant an advantage to any particular company as a pioneer, ‘bringing everyone to the market on the same day’.

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The prospective launch of the new financial product, Jan van Eck said, is ‘more symbolic than anything else’.

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\n‘This is important, because everyone thinks it’s important,’ the expert added.

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Like platinum and silver, Bitcoin has become an alternative to gold as a store of value, the VanEck chief noted.

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In conclusion he noted that Bitcoin’s halving ‘leads to a bull market’. The block reward halving is expected to occur around April 2024.

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Earlier, Ethereum futures ETFs from VanEck and others passed without fanfare.