GOLD - Bitcoin Will Achieve Half The Market Cap Of Gold Predicts VanEck CEO | Benzinga
Jan VanEck, CEO of investment management firm and spot Bitcoin ETF issuer VanEck, predicted Bitcoin (CRYPTO: BTC) future could eventually reach a market capitalization of at least half that of gold.
What Happened: In an interview with Scott Melker, he projected that this milestone could take another five to ten years to achieve.
“I say [Bitcoin will] eventually become at least half the market cap of gold. So I think that takes another five or 10 years,” VanEck stated.
This optimistic forecast underscores his long-term confidence in Bitcoin despite the current skepticism among traditional financial clients.
Van Eck highlighted the confusion and hesitation that many traditional finance (TradFi) clients still feel towards Bitcoin.
“Our TradFi clients are still very confused by Bitcoin, and they don't ...