bitcoin-unbeatable/” rel=”nofollow”>VanECK CEO Jan van Eck, had a lot to say about bitcoin in a recent interview. One of the highlights was his prediction of when bitcoin-short-term-holders-4-5-profits-nov-2021/” rel=”nofollow”>flagship cryptocurrency one more time reached its all-time high (ATH) of $69,000.
When bitcoin will hit $69,000 again
in a interview On CNBC, Jan Van Eck stated that he expects bitcoin to reach a new ATH in the next 12 months. That means the crypto token could reclaim its current ATH of $69,000 and possibly surpass it based on Van Eck's prediction. Curiously, his signature predicts that bitcoin could witness a new ATH before November 9, 2024.
Throughout the interview, Jan Van Eck was very optimistic about btc. He highlighted that he had always been a firm believer in the crypto token. He also noted that his company was the first ETF company in bitcoin-etf-concerns-sec/” rel=”nofollow”>have presented to offer a Spot bitcoin ETF in 2017. However, the application was bitcoin-etf-is-rejected/” rel=”nofollow”>rejected at the time.
Asset manager VanEck's relatively early interest in bitcoin appeared to have been fueled by his CEO as he narrated how his interest in bitcoin grew. Van Eck mentioned how he started listening to podcasts and even reading. bitcoin-whitepaper-15th-sec-calls-compliance/” rel=”nofollow”>The bitcoin White Paper. When the crypto token was trading at $3,000, he said he had predicted it would still rise 10x from there.
The VanEck CEO further stated that bitcoin is “the obvious asset that is growing before our eyes.” He compared bitcoin's growth to China and how the country was underdeveloped years ago but now has one of the largest economies. Therefore, he suggested that btc will still reach unprecedented heights.
<img decoding="async" class="aligncenter size-medium" src="https://technicalterrence.com/wp-content/uploads/2023/12/VanEck-CEO-Predicts-When-Bitcoin-Price-Will-Hit-69000-Again" alt="Tradingview.com bitcoin Price Chart” width=”3266″ height=”1530″ loading=”lazy”/>
btc price falls below $41,000 | Source: BTCUSD on Tradingview.com
Nothing like btc
At some point during the interview, Van Eck was asked if there could be anything else that surpasses bitcoin, just like gold. He responded negatively, stating that it is almost impossible for him to imagine any other “Internet store of value” that surpasses bitcoin.
Van Eck went on to point out that the macro behind bitcoin It is very strong. He also alluded to the macrocycle, especially when interest rates are expected to continue falling, and how this is bullish for the crypto token. Consider that this, along with the next bitcoin-showing-unprecedented-pre-halving-price-action-heres-what-this-means/” rel=”nofollow”>bitcoin Halving Event are the factors that will make btc outperform in the coming year.
bitcoin-etf/” rel=”nofollow”>VanEck Asset Manager is one of numerous asset managers that have petitioned the SEC to offer a bitcoin spot ETF. With approval possibly on the horizon, the company's CEO believes that the Commission is likely to approve the pending funds simultaneously. His belief stems from the fact that the SEC did the same thing with the eth-futures-etf-debut-how-the-1st-day-played-out/” rel=”nofollow”>ethereum Futures ETF.
Featured image from Capital.com, chart from Tradingview.com
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