According to Jan van Eck, the CEO of VanEck, Bitcoin reigns as the ultimate digital store of value, with no other cryptocurrency capable of surpassing it.
During a recent CNBC interview, Jan van Eck confidently dismissed the possibility of any other internet-based store of value overtaking Bitcoin. His assertion is backed by Bitcoin’s remarkable long-term performance, consistently outperforming other assets despite enduring cycles of market volatility.
Jan van Eck’s argument challenges the commonly held bubble theory associated with Bitcoin, highlighting its unmatched ability to sustain growth over time.
“I think I can’t imagine some other internet store of value [will] leapfrog Bitcoin,” Jan van Eck said in a Dec. 16 interview with CNBC. He went further saying, “Bitcoin is the obvious asset that is growing up in front of our eyes.”
Jan van Eck expresses bullishness on Bitcoin in the short term and predicts that the cryptocurrency will reach new all-time highs within the next year.
Jan van Eck’s investment philosophy, heavily influenced by his father, emphasizes the importance of investing in stores of value. He sees Bitcoin not as a competitor but as a potential partner to gold.
The van Eck family has a long history of investing in stores of value, starting with Jan’s father, John van Eck, who launched the first gold fund in the United States in 1968.
In a recent CNBC discussion, Jan van Eck highlighted the correlation between Bitcoin and gold, noting their vulnerability to fluctuations in interest rates. According to the experienced investor, Bitcoin historically thrives when interest rates decline.
VanEck, one of the firms competing for a Bitcoin exchange-traded fund (ETF) in the United States, have submitted applications.
The CEO has a vision of all spot Bitcoin exchange-traded fund applications being unanimously approved in a single day.
There are speculations that between January 5 and 10, the Securities and Exchange Commission (SEC) will make determinations on several applicants for spot Bitcoin ETFs. Notably, entities such as BlackRock, Grayscale, Bitwise, WisdomTree, Invesco, Galaxy, Fidelity, Hashdex, and others are eagerly awaiting the SEC’s final decisions.
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