On stage at Bitcoin Conference 2024 today, Jan van Eck announced that over 30% of his portfolio is in Bitcoin. But it doesn't say specifically how much money it is.
Van Eck, CEO of investment management company VanEck, often compares Bitcoin to gold, viewing it as “digital gold” and a potential store of value. In an environment where global monetary stimulus reduces purchasing power, van Eck thinks Bitcoin could outperform traditional currencies. Furthermore, he emphasized Bitcoin's role as an uncorrelated asset in investment portfolios, providing diversification benefits.
VanEck has made many notable predictions about the potential value of Bitcoin, asserting that the price of BTC could reach $2.9 million by 2050. He remains bullish on crypto markets, especially Bitcoin , emphasized that limited supply and growing demand are the main drivers.
As CEO of VanEck, which manages approximately $100 billion in assets and offers spot Bitcoin investment products, van Eck has deep insights into Bitcoin ETFs. He emphasized the importance of considering which ETF providers actually support the Bitcoin ecosystem when investors choose a Bitcoin ETF.
Interestingly, van Eck recently shifted his focus from Bitcoin to the broader impacts of blockchain technology. He believes transaction fees and network activity are a more important story than Bitcoin or Ethereum ETFs. Van Eck highlighted the unpredictability of transaction fees on the Bitcoin and Ethereum blockchains as a barrier to building applications in these ecosystems.
He praises solutions like Solana and Layer 2 protocols for providing reasonable and predictable transaction fees, which he sees as important for the future development of useful applications in the space crypto. VanEck filed for a Solana ETF with the SEC as a bet on Trump winning the election and remaining crypto-friendly.
Van Eck advises investors to approach this asset class with a long-term perspective while also warning about the risks of investing in cryptocurrencies. He emphasized the importance of understanding Bitcoin's unique characteristics and its potential role in a diversified investment portfolio. He seems to be “walking his talk” by investing more than a third of his money in Bitcoin.
Based on Bitcoin Magazine's price list, Bitcoin is trading at $67,750 at the time of writing, a slight increase of 0.5% in 24 hours.
Source: https://tapchibitcoin.io/ceo-vaneck-co-hon-30-danh-muc-dau-tu-cua-minh-trong-bitcoin.html
