Bitcoin will hit a new all-time high in 12 months
Jan van Eck, CEO of VanEck, predicts Bitcoin's new ATH will be reached next year.
Van Eck compared Bitcoin to gold, noting its similar behavior and its potential as a store of value.
He pointed out the important relationship between interest rates and store-of-value assets like Bitcoin and gold. With interest rates trending downward, Bitcoin's appeal increases.
Coupled with Bitcoin's growing acceptance, there are more than 50 million users, setting the stage for its meteoric growth.
The upcoming halving event in April is pivotal for Bitcoin, according to van Eck.
Therefore, this growth trajectory suggests long-term value and the potential for new all-time highs in the next 12 months.