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VanEck CEO Provides A ‘Reasonable’ Target For Bitcoin Based On Gold’s Value

CoinGape LogoCoinGape4d ago

VanEck CEO Provides A ‘Reasonable’ Target For Bitcoin Based On Gold’s Value - CoinGape

Quick Summary:

This estimate, according to Van Eck, rests on the assumption that the crypto could eventually achieve a market cap equal to half of all the gold currently in circulation.

In a recent interview with CNBC, VanEck CEO, Jan Van Eck, said that Bitcoin could reach $300,000.

That, he said, is a more conservative view than others who believe the coin will eventually supplant gold as the best store of value.


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Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 21:43:13 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 691 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23473487

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 43 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "VanEck CEO Provides A ‘Reasonable’ Target For Bitcoin Based On Gold’s Value" was covered 4 days ago by CoinGape, a news publisher based in India.

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  • News ID: #23473487
  • URL: https://beamstart.com/news/vaneck-ceo-provides-a-reasonable-17311031308996

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