bullish

Solana

Bitcoin

Billion

Jan van Eck, CEO of global investment management giant VanEck, has predicted that Bitcoin's price could reach between $150,000 and $180,000 during this market cycle.
Speaking in a recent interview, van Eck attributed his bullish outlook to the continuation of Bitcoin’s halving cycle, which has historically caused significant price increases.
“Our thesis is that Bitcoin will maintain its halving dynamics,” Van Eck explained. He likened Bitcoin to a “value transfer network” whose value increases as usage increases, noting that Bitcoin’s value as a network remains the primary driver of its growth.
Van Eck drew comparisons to gold, noting that Bitcoin is steadily on its way to becoming a recognized store of value. He expressed confidence in Bitcoin’s potential to reach “half the value of gold” in subsequent cycles, projecting a price target of $400,000 or more, depending on gold’s valuation.
Amid the bullish trend in Bitcoin, van Eck underlined the growing importance of stablecoins, which he sees as a groundbreaking application for the cryptocurrency industry. He also touched on the growing interest among institutional investors, especially in regions where regulatory clarity is advancing, such as Asia and Europe. Amid the bullish trend in Bitcoin, van Eck underlined the growing importance of stablecoins, which he sees as a groundbreaking application for the cryptocurrency industry. He also touched on the growing interest among institutional investors, especially in regions where regulatory clarity is advancing, such as Asia and Europe.
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Van Eck also acknowledged the unique characteristics of the crypto asset class, particularly that it is dominated by retail investors. While memecoins have gained liquidity and traction, he did not see them as a focus for institutional investors. “It’s not something they would invest in, but it’s not a distraction either,” he said.
Regarding other layer-1 blockchains like Solana and Sui, van Eck confirmed VanEck’s active involvement in Europe, including launching token-based ETNs, noting that there have been strong inflows into these products, possibly signaling a return of bullish market conditions.
Despite the optimistic outlook, van Eck noted one concern: Bitcoin’s high correlation with the NASDAQ, which he believes has discouraged some professional investors. “The last thing people want is for Bitcoin to follow the NASDAQ,” he said.
Van Eck also commented on the evolving regulatory landscape, particularly in Europe and Asia. He praised the proactive approach of European regulators and contrasted this with the restrictive environment in the U.S., particularly in states like New York. He predicted that regulatory competition could intensify as countries compete to become the center of crypto innovation.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ceo-managing-118-billion-predicts-bitcoin-price-peak-this-cycle/" rel="noopener noreferrer nofollow">CEO Managing $118 Billion Predicts Bitcoin Price Peak This Cycle</a>

CEO Managing $118 Billion Predicts Bitcoin Price Peak This Cycle

Bitcoin Sistemi EN

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