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

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: IndiaMali

Topics: Bitcoin (BTC) Price VanEck Bitcoin News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 21:43:13 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 691 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23473487

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