However, he noted a recent uptick in interest: “Now, with the new regime, suddenly the phone is ringing.” Van Eck revealed his personal investment stance, stating, “That’s why I have a huge personal investment in Bitcoin and gold.” He expressed optimism about Bitcoin’s maturation process, likening it to a child growing up: “I would say it’s sort of like a teenager, and what gets it to mature is new investor sets coming in.” He noted that while individual investors have embraced Bitcoin ETFs, the wealth management industry has yet to fully engage.
Van Eck stated, “Our thesis is effectively that Bitcoin will keep to the halving cycle, so we’re looking at sort of $150,000 to $180,000 this cycle as a price target.” He dismissed the notion that Bitcoin could reach $400,000 in the current cycle, suggesting that such a milestone might be achieved in the next cycle.“In the next cycle, it reaches my target of half the value of gold, so $400,000 plus depending on the price of gold,” he added.
Addressing the correlation between Bitcoin and traditional markets, particularly the NASDAQ, van Eck admitted concern: “The thing that worried me the most […] Bitcoin’s correlation to the NASDAQ was high.” He explained that this high correlation made Bitcoin less attractive to professional investors who were already overexposed to mega-cap tech stocks.
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