VanEck’s chief executive, who is also the issuer of an exchange-traded funds (ETF), has revealed his Bitcoin (BTC), while he updated his view on Ethereum (ETH).
Jan Van Eck, in a recent interview with CNBC Television says that he believes Bitcoin’s value will surpass gold and push the price of BTC well over a quarter million dollars.
Bitcoin is going to reach new heights, I believe. I believe that Bitcoin will eventually be worth half as much gold that is currently in circulation. So, you are talking about a value of around $300,000.
The CEO’s prediction that BTC will be worth half the value of gold in circulation is “balanced”, compared with Bitcoin extremists, who might claim the metal will surpass Bitcoin.
Bitcoin has risen by over 5% in the past 24 hours to $81,236.
Van Eck believes that ETH, the leading altcoin in this cycle due to increased adoption of dollar pegged crypto assets globally, will be at the forefront.
Stablecoins, I believe, are the future global payment system.
Ethereum, Coinbase and other big players will also be winners. Ethereum’s share of the market kind of peaked in September… It’s been a contrary play. Ethereum outperformed the past few weeks. I believe it is a great entry point to Ethereum, if you know the pros and con of it.”
At the time of this writing, Ethereum was trading at $3,202, an increase of 2.17% over the previous day.
Subscribe for email alerts to avoid missing a beat
.
Please follow us at X@InvCryptoDaily
Surf ICD mix
Sources of Images include Pixabay Creative Commons & Midjourney
The post VanEck’s CEO unveils massive price target for bitcoin (BTC) and says Ethereum (ETH), will be the big winner may change as new information becomes available.
This site is for entertainment only. Click here to read more
