VanEck CEO Jan van Eck Retains Optimistic Stance on Bitcoin, Allocates 'Way Over 30%' of His Portfolio to the Cryptocurrency

Jan van Eck, CEO of investment management firm VanEck, reaffirmed his optimistic stance on Bitcoin, revealing that ‘way over 30%’ of his personal investment portfolio is allocated to the cryptocurrency.

Jan van Eck, the CEO of investment management firm VanEck, has disclosed that ‘way over 30%’ of his personal investment portfolio is allocated to Bitcoin.

Speaking at the Bitcoin 2024 conference, van Eck likened Bitcoin to an asset in its ‘teenage stage,’ suggesting that it is still early in its development and has yet to attract a broad spectrum of investors. He emphasized his long-term bullish outlook, questioning the logic of selling Bitcoin for those who believe in its potential.

“The toughest allocation question I have, and I know a lot of individuals think about this as well, is that ‘why should I be selling Bitcoin if I believe in the super bull case?'” VanEck commented.

Moreover, van Eck speculated on Bitcoin’s future as a global reserve asset, suggesting that its price could reach $3 million per coin under such circumstances. He acknowledged the speculative nature of this prediction but highlighted the significant potential for widespread adoption of the cryptocurrency.

“Everyone I meet at Bitcoin conferences owns way more in their own portfolio, and I always say, wait a minute, I always want to tell people what I’m doing personally because they should know,” van Eck shared, disclosing his substantial Bitcoin holdings.

The Bitcoin 2024 conference, held in Nashville, Tennessee, anticipates a keynote address from former U.S. President Donald Trump, adding to the event’s high profile.

The above is the detailed content of VanEck CEO Jan van Eck Retains Optimistic Stance on Bitcoin, Allocates 'Way Over 30%' of His Portfolio to the Cryptocurrency. For more information, please follow other related articles on the PHP Chinese website!