Jan Van Eck believes that the main crypto coin can reach 50% of the gold market capitalization

CEO of the investment company VanEck, Jan Van Eck, predicted the rise in the price of bitcoin to $250,000.

“But that could take decades. It is difficult to set a time frame for this,” he added.

According to him, the main crypto coin has a great future. BTC could hold half of gold’s market capitalization, which sits at roughly $10.6 trillion.

Jan Van Eck also pointed to the ongoing acceptance of the first cryptocurrency by the institutions and authorities of various states. In addition, he is confident in the benefits of blockchain as a tool to increase efficiency and minimize potential threats to the financial market.

CEO of VanEck advises investors to invest 0.5%-3% of their funds in bitcoin, but he himself has invested more, as he believes in the success of the first cryptocurrency. He has also been an investor in ethereum since 2019 and is positive about the future of the asset.

“I love the idea of ​​buying something, putting it in my portfolio and not worrying about it,” Van Eck said.

Regarding the BTC-based ETF, the head of Van Eck said that the SEC does not want to approve the instrument before determining the jurisdiction of crypto exchanges. Van Eck doubts that the corresponding bill will be passed this year because of the elections to the US Senate.

Meanwhile, Edward Snowden recently stated that digital assets have value not as an investment vehicle, but as a means of payment. He “does not encourage people to invest their money in cryptocurrencies as a technology, and this is what distinguishes him from many other members of the community.”

And what do you think about it?