The quotes for the first cryptocurrency will reach $300,000. This opinion was expressed in an interview with CNBC by the CEO of VanEck, Jan van Eck.
"Bitcoin will update its historical maximum today [November 8], and I believe it will continue to grow. Ultimately, I think Bitcoin's capitalization will reach half of gold's figure, so we're talking about approximately $300,000 per Bitcoin," he stated.
Van Eck called his forecast "balanced." According to him, maximalists are confident that the first cryptocurrency will outperform gold.
"Bitcoin is digital gold for me," emphasized the CEO of VanEck.
In August, he predicted digital gold to reach $350,000 when its capitalization reaches half of the main precious metal's figure. At that time, Van Eck also mentioned that he invested "more than 30%" of his capital in Bitcoin.
Earlier, VanEck experts allowed for the first cryptocurrency to rise to $2.9 million by 2050 against the backdrop of the asset being accepted as a global medium of exchange and reserve currency.
Recall that in November, Fundstrat co-founder Tom Lee predicted Bitcoin to reach $100,000 by the end of 2024.
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