Jan van Eck says he cannot imagine Bitcoin to be “superseded as the leading store of value”

Well-known investor Tim Draper believes that in 2024 the price of the main cryptocurrency will overcome the $250,000 mark. He also noted that the path to Bitcoin adoption runs through stablecoins.

Draper said that when he voiced his forecast, he was not prepared for how conservative the American authorities were. If they were more open to innovation, cryptocurrency companies could negotiate with them similar to what they are doing with the government of El Salvador, where BTC is a legal payment instrument.

Draper said he still believes that BTC will reach $250,000 in the near future, and even exceed this figure. He thinks we will all witness this in the new year. According to him, it’s just that Bitcoin has been delayed a little due to the fears of the ossified US government.

SkyBridge Capital founder Anthony Scaramucci believes that next year the price of the first digital coin will rise above $69,000. However, he noted that the approval of cryptocurrency ETFs will have a certain impact on Bitcoin volatility.

“I’ve been embarrassed by my predictions in the past. I would’ve thought [BTC] would’ve gotten to a hundred thousand by the end of 2022. If you recall, in November of 2021, we got the Bitcoin futures ETF buy-in, and so I thought that was gonna come. Skybridge filed for a cash Bitcoin ETF. It was rejected alongside Fidelity and many other players. We’ve elected not to do that now because of the competition. If you’re asking the question ‘will Bitcoin get through its all-time high?’, I believe it will. I don’t know when. There could be some selling pressure, sort of that ‘buy on the rumor, sell on the news’ in the beginning part of the quarter, but if you’re asking about year-end, and I’m hoping you’ll invite me back — I think we’ll be through the all-time high,” Scaramucci said.

CEO of the investment company VanEck Jan van Eck is confident that BTC has huge advantages over other digital instruments. The crypto enthusiast said he can’t imagine Bitcoin to be “superseded as the leading store of value.”

In his opinion, the main cryptocurrency is the best savings tool. Van Eck expects Bitcoin to make new highs over the next year.

“There’s 50 million users of Bitcoin, so it’s got network effects. Bitcoin is the obvious asset that is growing up in front of our eyes,” said a crypto enthusiast.

Do you believe that the main digital coin will take off in 2024?