VanEck CEO predicts this is the price level Bitcoin will peak at in this cycle

CEO Jan van Eck of VanEck predicts that the price of Bitcoin could reach between 150,000 USD to 180,000 USD in the current market cycle. He emphasizes that the momentum driving Bitcoin's price increase mainly comes from the halving cycle, a factor that has led to significant price increases in the past. He likens Bitcoin to a "value transfer network," with its value increasing in parallel with the expansion of its user base.

Additionally, VanEck also expects that Bitcoin has the potential to reach a value equal to half the value of gold, which could rise to 400,000 USD if the price of gold continues to increase. Interest from institutional investors, especially in regions with clear regulations such as Asia and Europe, is also seen as an important factor in driving up Bitcoin's price in the near future. However, he also emphasizes that the cryptocurrency market is still primarily driven by individual investors.