VanEck CEO Jan van Eck on Bitcoin's Unshakable Position

In a recent interview with CNBC, Jan van Eck, the CEO of investment management firm VanEck, expressed his firm belief in Bitcoin's unassailable status as the leading store of value on the internet. He highlighted Bitcoin's network effect, bolstered by its 50 million users, as a key factor in its dominance.

Van Eck dismissed claims of Bitcoin being in a "bubble," arguing that no asset can consistently outperform itself across every market cycle to form a bubble. He described Bitcoin as an asset that is visibly growing right before our eyes.

Looking ahead, Jan van Eck predicted that Bitcoin would reach new all-time highs within the next 12 months, emphasizing its ongoing growth and potential.

Van Eck's CEO also shared a personal note, mentioning that both he and his late father, John van Eck, who founded the company in 1955, have value investing ingrained in their DNA. He sees Bitcoin as a companion to gold in the future.

Under John van Eck's leadership in 1968, VanEck introduced the first gold fund in the United States.

VanEck is one of the 13 applicants seeking approval for a Bitcoin exchange-traded fund (ETF) in the U.S. The company's CEO anticipates that all spot Bitcoin ETF applications will be approved on the same day.

ETF analysts predict that the U.S. Securities and Exchange Commission will make decisions on several pending Bitcoin ETF applications between January 5th and 10th. Companies like BlackRock, Grayscale, Bitwise, WisdomTree, Invesco and Galaxy, Fidelity, and Hashdex are also awaiting the final decision from the U.S. Securities and Exchange Commission.