CEO VanEck Predictions: Bitcoin price headed towards $350,000 in 2025

Bittime - In a recent interview, VanEck CEO Jan van Eck gave an optimistic view of Bitcoin's future. He compared Bitcoin to gold and predicted that Bitcoin could reach a market capitalization half that of gold, meaning Bitcoin's price could reach around $350,000.

Van Eck also discussed VanEck's launch of a Bitcoin ETF, which was the first to apply for a spot Bitcoin ETF. Even though Bitcoin ETFs have been launched by several other companies, VanEck is still optimistic about Bitcoin's future and its growth potential.

Bitcoin vs Ethereum: Van Eck View's

When asked about his preference between Bitcoin and Ethereum, Van Eck firmly stated himself as a Bitcoin supporter. He sees Bitcoin as an asset more similar to gold, a hedge against inflation. While Ethereum has huge growth potential, Van Eck is more interested in Bitcoin's nature as a finite digital asset.

Current Market and Short Term Impacts

Currently, the cryptocurrency market is experiencing high volatility, with Bitcoin hovering around $63,000 after hitting $70,000 just days before. According to CEO VanEck, this is a significant “buy the dip” moment, especially as fear and uncertainty are running high in both traditional and crypto markets.

Long Term Bitcoin Price Prediction

CEO VanEck has an optimistic view of Bitcoin's future. According to him, Bitcoin is experiencing a "maturation" phase and will continue to grow until it reaches half of the total market capitalization of gold. 

He projects Bitcoin prices could reach around $350,000, much higher than current levels. This prediction is based on the assumption that central banks will probably start adopting Bitcoin as part of the global monetary system.

Read also: Bitcoin Price Drops Below $55,000, Here's Why!

Potential for Further Increase

While CEO VanEck didn't want to focus too much on speculative numbers, he noted that if Bitcoin were adopted more widely by central banks, it's possible it could be worth millions of dollars, with internal models predicting prices as high as $2.9 million by 2050. However, he also emphasizes the importance of looking at the assumptions behind the model and considering the risks involved.

Comparison with Gold

As a gold advocate, CEO VanEck sees strong parallels between Bitcoin and gold. He believes that Bitcoin, like gold, will continue to be adopted as a hedging tool in the long term. Thus, he advises investors to take a long-term view on Bitcoin, even though the journey to full adoption may be fraught with volatility.

Conclusion

Statements from CEO VanEck provide an optimistic outlook on Bitcoin's future. Although Bitcoin price is currently undergoing a correction, it sees huge growth potential in the long term. However, as with all investments, it is important to do your own research and consider the risks before making an investment decision.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.