VanEck CEO predicts Bitcoin will reach half the market value of gold

One of the largest investment banks in the United States, VanEck, saw its CEO predict that Bitcoin will reach at least half the market value of gold. In fact, Jan van Eck recently discussed the digital asset and the time frame for what could be a monumental rise.

On a interview with Scott Melker, VanEck stated that the leading cryptocurrency could eventually reach a market value of more than $7 trillion. This value would be half of gold’s $15 billion, representing a massive shift in BTC’s integration across the financial sector.

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VanEck CEO predicts $7T market cap for Bitcoin

Throughout 2024, Bitcoin was one of the most discussed assets in the financial sector. The US Securities and Exchange Commission (SEC) approved the issuance of spot Bitcoin ETFs in January, boosting the digital asset’s overall exposure to institutional investors.

One of the key participants was VanEck, whose CEO shared his expectation that Bitcoin, the leading cryptocurrency, would reach a market value that is half the value of gold. This would put the asset at a value of 7 billion dollars and would be the result of a massive change in the financial landscape.

Source: Watcher.Guru

Read too: Bitcoin (BTC) reaches annual high of US$25 billion in transaction volume

Jan van Eck said that Bitcoin “will eventually become at least half the market value of gold. So I think this takes another 5 to 10 years. Our TradFi customers are still very confused about Bitcoin and don’t want to talk about it, but their customers make them talk about it.”

“So we have a long way to go,” Van Eck said of the potential increase in Bitcoin’s market value. Ultimately, VanEck has high hopes, with Bitcoin currently boasting a market cap of just $1.3 trillion. His prediction could indicate many changes taking place in the next decade for BTC and the entire market.

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