CEO Managing $118 Billion Predicts Bitcoin Price Peak This Cycle.

Jan van Eck, CEO of global investment management giant VanEck, has predicted that Bitcoin's price could reach between $150,000 and $180,000 during this market cycle.

Speaking in a recent interview, van Eck attributed his bullish outlook to the continuation of Bitcoin's halving cycle, which has historically caused significant price increases.

"Our thesis is that Bitcoin will maintain its halving dynamics," Van Eck explained. He likened Bitcoin to a "value transfer network" whose value increases as usage increases, noting that Bitcoin's value as a network remains the primary driver of its growth.

Van Eck drew comparisons to gold, noting that Bitcoin is steadily on its way to becoming a recognized store of value. He expressed confidence in Bitcoin's potential to reach "half the value of gold" in subsequent cycles, projecting a price target of $400,000 or more, depending on gold's valuation.

Amid the bullish trend in Bitcoin, van

Eck underlined the growing importance of stablecoins, which he

sees as a groundbreaking application

for the cryptocurrency industry. He also touched on the growing interest

among institutional investors, especially in regions where regulatory

clarity is advancing, such as Asia and

Europe. Amid the bullish trend in

Bitcoin, van Eck underlined the

growing importance of stablecoins,

which he sees as a groundbreaking

application for the cryptocurrency

industry. He also touched on the

growing interest among institutional

investors, especially in regions where

regulatory clarity is advancing, such

as Asia and Europe.

Van Eck also acknowledged the unique characteristics of the crypto asset class, particularly that it is dominated by retail investors. While memecoins have gained liquidity and traction, he did not see them as a focus for institutional investors. "It's not something they would invest in, but it's not a distraction either," he said.