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<p>The post <a href="https://coinpedia.org/news/bitcoin-to-hit-350000-vaneck-ceo-predicts-explosive-growth/" rel="noopener noreferrer nofollow">Bitcoin to Hit $350,000? VanEck CEO Predicts Explosive Growth!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Jan van Eck, the CEO of VanEck, recently made some bold predictions about Bitcoin. He thinks Bitcoin might hit $350,000 in a near future. What makes him think that? Van Eck says Bitcoin could reach half of gold’s total market value. He also thinks Bitcoin’s future could be even brighter, with a potential price of up to $2.9 million in the long run. He believes Bitcoin is maturing just like gold did over time.</p>
<h2 class="wp-block-heading" id="h-current-market-vibes">Current Market Vibes</h2>
<p>Right now, Bitcoin is going through a rough patch. It recently fell below $63,000, which is about 14.8% below its peak from March. Van Eck doesn’t worry about this price drop. He believes these ups and downs are normal for Bitcoin because of its volatile nature.</p>
<h2 class="wp-block-heading" id="h-vaneck-s-recent-moves">VanEck’s Recent Moves</h2>
<p>VanEck has been gaining a lot of attraction from the crypto world. Earlier this year, they launched Ethereum ETFs, which was a big deal. They’ve also put forward a proposal for a Solana ETF. These moves show VanEck is really diving into the world of cryptocurrencies.</p>
<h2 class="wp-block-heading" id="h-looking-ahead">Looking Ahead</h2>
<p>Van Eck isn’t just looking at short-term trends. His company’s latest report suggests Bitcoin could be worth $2.9 million by 2050. This is based on the idea that Bitcoin will become a major global currency. Of course, there are challenges like Bitcoin’s energy use and regulations that need to be addressed. The new technologies can help Bitcoin overcome these hurdles.</p>
<h2 class="wp-block-heading" id="h-what-this-means-for-bitcoin">What This Means for Bitcoin?</h2>
<p>Van Eck’s thoughts reveal that big investors are gaining more confidence in Bitcoin. People are starting to view Bitcoin as a serious investment. Van Eck believes Bitcoin’s path might end up being similar to gold’s. As more people begin using <a href="https://coinpedia.org/news/bitcoin-strategic-reserve-bill-receives-huge-support-2200-letters-sent-to-senators-to-support-the-bill/" rel="noopener noreferrer nofollow"><strong>Bitcoin</strong></a>, its value could go up a lot.</p>

Bitcoin to Hit $350,000? VanEck CEO Predicts Explosive Growth!

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