Jan Van Eck, VanEck CEO, recently shared a bold prediction, suggesting Bitcoin's value could rise to around $300,000.
VanEck CEO Jan Van Eck has predicted that Bitcoin (CRYPTO: BTC) could reach $300,000 in value. In an interview with CNBC, Van Eck said that this estimate is based on the assumption that Bitcoin could eventually achieve a market cap equal to half of all the gold currently in circulation.
“I think a reasonable, base assumption for it’s potential as digital gold would be that it could get to half the market capitalization of gold, which would put it around $300,000 per coin,” Van Eck said.
He added that BTC, which recently reached its all-time high (ATH) of $77,000, has seen much more significant gains this year, partly driven by the interest of individual investors.
“We’ve seen a lot more gains from Bitcoin, and it’s had a huge year to date. It’s really gotten into the consciousness of the individual investor,” Van Eck said.
As Bitcoin ETF approval becomes a hot topic in the US, Van Eck, whose firm is awaiting approval for a Bitcoin ETF, highlighted the critical role that Bitcoin ETFs have played in the US financial landscape this year.
“The interesting thing about Bitcoin ETFs is that they’ve become a substantial part of the US financial markets story this year. They’re a huge story, and they’re not even here yet,” Van Eck added.
According to Van Eck, these ETFs have become so popular that they are now even a political talking point in Ohio’s Senate race and the appearance of Trump at a Bitcoin convention. He now hopes this popularity brings bipartisan support in the US, further cementing BTC as an asset class worthy of continued growth.
The above is the detailed content of VanEck CEO Predicts Bitcoin Price Could Hit $300,000. For more information, please follow other related articles on the PHP Chinese website!

As of press time, Pi is trading at $0.6711 after its integration with Chainlink on April 12th. The announcement caused a surge in the price of Pi

An analyst on X, Frigg, highlights multiple reasons to be optimistic about SUI Network price trajectory.

Following today's data released by IntoTheBlock, sentiment around Bitcoin appears heightening towards bullishness.

nt Labs and the Movement Network Foundation Launch Independent Investigation into MOVE Token Market-Making Irregularities
![A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX]](https://img.php.cn/upload/article/001/246/273/174477326297054.jpg?x-oss-process=image/resize,p_40)
With $1.52 billion in stablecoins migrating to Tron, investors appear to be favoring lower-cost chains and diversifying beyond traditional USD-backed assets.

Mantra CEO John Patrick Mullin has proposed burning his allocation of OM tokens in a move aimed at restoring investor confidence after the protocol's native token suffered a sharp collapse.

Technical Setup for Bonk Price Recovery According to prominent crypto analyst Altcoin Sherpa, Bonk is showing signs of a potential rebound.

Securitize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stover's fund administration business

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

VSCode Windows 64-bit Download
A free and powerful IDE editor launched by Microsoft

Notepad++7.3.1
Easy-to-use and free code editor

MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

WebStorm Mac version
Useful JavaScript development tools

SublimeText3 Linux new version
SublimeText3 Linux latest version