At the Bitcoin 2024 conference, VanEck CEO Jan van Eck talked about how positive he was about Bitcoin. He compared it to a teenager who is still growing. Van Eck was sure that it would only be a matter of time before Bitcoin attracted investors from a wider range of backgrounds.
To show how optimistic he was, van Eck asked why people who believe in Bitcoin’s long-term promise would need to sell it. “Why should I sell bitcoin if I believe in the super bull case?” van Eck asked during his speech on Friday. “This is the hardest allocation question I have, and I know a lot of other people do too.”
VanEck’s Bitcoin Predictions
Van Eck also made a guess about what might happen in the future: if Bitcoin becomes a global reserve asset, the price of each coin could hit $3 million. He admitted that this statement was based on speculation, but he stressed how important it was that Bitcoin become widely used around the world.
The people Van Eck meets at Bitcoin conferences all have a lot more money in their own portfolios than he does. “But wait a minute, I always want to tell people what I’m doing personally because they should know,” he said. He said that more than 30% of his own wealth is in Bitcoin, which shows how much he believes in the cryptocurrency.
Van Eck’s words come at a time when people are getting more excited about Donald Trump’s keynote speech at the conference in Nashville on July 27. Trump is the current Republican nominee for president and was president of the United States in 2016 and 2017.
The Bitcoin 2024 meeting is still significant for people who work in the field and people who just like cryptocurrencies because it shows them what the future holds for the most well-known one.
