In a recent interview, VanEck’s CEO expressed a bullish outlook for Bitcoin, predicting that its market capitalization will eventually reach half of gold’s. This would put Bitcoin’s value at approximately $350,000 per coin.
The CEO based this prediction on the growing adoption of Bitcoin and the potential for central banks to embrace it as part of their monetary systems. He also highlighted the long-term trend of Bitcoin’s increasing value, comparing it to the performance of Indian equities over the past decade.
While acknowledging the risks and potential volatility associated with Bitcoin, the CEO emphasized the importance of diversification and including Bitcoin in a well-balanced investment portfolio.
