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Jan van Eck, CEO of investment management firm VanEck, has predicted that a new record could be reached by 2024, citing a number of key factors that could drive cryptocurrency growth. death. During an appearance on CNBC’s “The Exchange,” van Eck compared Bitcoin to gold as a store of value, especially in an environment where interest rates are falling.
Van Eck points to Bitcoin’s growing user base, which has now surpassed 50 million, as an important driver of its potential growth. He emphasized the importance of the anticipated Bitcoin halving event, which has historically been associated with price increases due to a reduced supply of new coins entering the market.
Further optimism stems from van Eck’s expectations for regulatory developments. He expressed hope for a balanced regulatory stance from the United States Securities and Exchange Commission (SEC) towards Bitcoin exchange-traded funds (ETFs). Building on the SEC’s approach to Ethereum futures, van Eck suggested that similar treatment of the Bitcoin ETF could positively impact the cryptocurrency’s market trajectory.
Investors and market watchers are paying attention to such forecasts as they navigate the dynamic and often unpredictable crypto landscape. Van Eck’s prediction provides a glimpse of what some industry leaders predict for the future of digital assets, especially as regulatory frameworks continue to evolve.
Reuters contributed to this article.
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