The CEO of VanEck, a major US investment bank, has forecasted that Bitcoin could achieve half the market cap of gold. Jan van Eck highlighted this potential in a recent discussion about the digital asset, suggesting it could reach over $7 trillion, marking a significant milestone in Bitcoin’s adoption across the finance industry.
Throughout 2024, Bitcoin has been a focal point in financial discussions. The US Securities and Exchange Commission’s approval of spot Bitcoin ETFs in January marked a significant milestone, expanding the digital asset’s accessibility to institutional investors.
VanEck played a pivotal role in this development, with their CEO expressing optimism that Bitcoin could attain a market cap half that of gold, reaching $7 trillion. Jan van Eck emphasized that this transition might take 5 to 10 years, noting the ongoing reluctance among traditional finance clients to engage with Bitcoin.
Despite the current market cap of Bitcoin standing at $1.3 trillion, VanEck remains hopeful for substantial growth, signaling potential transformative changes in both Bitcoin and the broader market over the next decade.
