Bitcoin: a prophecy at $300,000

Bitcoin continues to show impressive stability, oscillating between $79,000 and $81,000. This delights analysts who were already seeing the possibility

Bitcoin continues to show impressive stability, oscillating between $79,000 and $81,000. This delights analysts who were already seeing the possibility of a bull run after the elections. In this context, Jan Van Eck, CEO of VanEck, has once again unveiled an ambitious prediction for Bitcoin, amid confidence in ETFs and the growing enthusiasm of institutional investors. And according to him, the skyrocketing rise of Bitcoin is far from stopping.

Bitcoin: a prophecy at $300,000

Optimism reigns at VanEck. Its CEO, Jan Van Eck, believes that the price of Bitcoin could surpass $300,000 as early as April 2025, with a goal of $100,000 by the end of 2024. With favorable conditions for cryptos, U.S. monetary policy and the adoption of Bitcoin ETFs combine to drive demand.

Indeed, Bitcoin crossed $79,645 last week, over $80,000 yesterday, a performance that has sparked waves of commentary among American traders and financial experts.

Van Eck does not mince words: for him, a Bitcoin at $300,000 is a “reasonable” figure. And he is not the only one who thinks that crypto-assets are destined for a surge: the chief investment officer of Fundstrat also bets on a six-figure BTC by the end of 2023.

Here’s what drives their enthusiasm:

In this context, even Donald Trump seems to show support for making the United States the “world capital of Bitcoin”. With such political backing, the rise of Bitcoin seems inevitable.

Crypto market: golden prospects for Bitcoin and ETFs

The crypto market is experiencing a resurgence in dynamism due to the massive influx of institutional funds. Bitcoin ETFs, long awaited, are now a powerful lever in the rise of BTC, to the point of surpassing historical records of well-established financial products like gold funds.

The numbers are indisputable: last week, BlackRock’s iShares Bitcoin Trust reached a net value of $33 billion, even surpassing the firm’s famous gold ETF.

” It’s amazing! ” said ETFStore president Nate Geraci, surprised by the speed of this trend reversal.

VanEck, for his part, sees this race for ETFs as a major force that could propel Bitcoin to the level of the gold market. For VanEck, BTC could reach half of the total market capitalization of gold, thus positioning itself as the “new digital gold” of the economy.

However, the CEO remains cautious and mentions even more optimistic estimates within financial circles: some experts even suggest a Bitcoin at $5 million by 2050 !

VanEck has never hidden his optimism for Bitcoin. From his predictions of $52 million by 2050 to his current target of $300,000 for 2025, the leader in ETFs remains true to his bullish convictions.

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The blockchain and crypto revolution is underway! And the day when the impacts are felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it

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