Jan van Eck, CEO of VanEck, revealed at the Bitcoin Conference 2024 that over 30% of his portfolio is in Bitcoin, which he considers the “digital gold” and a potential store of value. He believes that Bitcoin could outperform traditional currencies in an environment of global monetary stimulus, offering diversification benefits as an uncorrelated asset in investment portfolios.
Van Eck has predicted that Bitcoin could reach $2.9 million by 2050, emphasizing its limited supply and increasing demand as key drivers of its potential value. He manages around $100 billion in assets and offers spot Bitcoin investment products, giving him insights into Bitcoin ETFs.
Recently, van Eck has shifted focus to blockchain technology, highlighting transaction fees and network activity as crucial factors. He sees solutions like Solana and Layer 2 protocols as offering more affordable and predictable transaction costs, promoting the development of useful applications in the crypto space. VanEck has also filed for a Solana ETF with the SEC.
Investors are advised by van Eck to approach the asset class with a long-term perspective, understanding the risks of investing in cryptocurrencies. He recommends including Bitcoin in a diversified investment portfolio and has personally invested over a third of his funds into Bitcoin.
