Jan van Eck, CEO of VanEck, a global asset management firm, recently predicted that Bitcoin could reach $300,000, based on the assumption that it will eventually represent half the value of all the gold outstanding. In an interview, van Eck stated his belief that Bitcoin will continue to reach new all-time highs, driven in part by increasing adoption from individual investors.
When questioned about the rationale behind his $300,000 prediction, van Eck explained that he arrived at the figure by positing Bitcoin would capture half of gold’s total market capitalization. He acknowledged that a Bitcoin maximalist might argue for an even higher valuation, potentially surpassing gold entirely, but characterized his own estimate as a “reasonable base assumption.”
Van Eck also highlighted the growing influence of individual investors in the Bitcoin market, pointing to the significant inflows into Bitcoin ETFs. He suggested this demographic played a crucial role in the recent US elections, referencing the loss of Sherrod Brown’s Ohio Senate seat and Donald Trump’s appearance at a Bitcoin convention as evidence of a substantial Bitcoin constituency in the United States. Van Eck expressed hope that Bitcoin would become a bipartisan issue moving forward.
