VanEck CEO Jan van Eck has made waves with a bold forecast: Bitcoin could skyrocket to $300,000 within five to 10 years. This optimistic projection rests on Bitcoin’s ability to capture a substantial share of the gold market – a market long valued as a hedge against inflation.
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According to van Eck, the rise of traditional financial institutions (or “TradFi”) investing in Bitcoin drives this trend, with many viewing it as a digital alternative to gold. Van Eck suggested that Bitcoin could eventually reach half of gold’s current market capitalization, giving the cryptocurrency a total valuation close to $7 trillion.
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