Jan van Eck – CEO of VanEck – one of the first global financial companies to apply for a Bitcoin spot ETF many years ago – believes that BTC is a unique asset that will be extremely difficult to copy or overcome.
He also dismissed speculation that the asset is a big bubble and said there will be new all-time highs within the next 12 months.
While explaining why he became interested and involved in the leading cryptocurrency, van Eck said he saw similarities with gold that led him closer to Bitcoin.
As a result, his company decided to file for a spot Bitcoin ETF in 2017, which made them the “first reputable ETF player” to do so.
Since then, the company has faced multiple rejections and delays from the US Securities and Exchange Commission (SEC) but has continued to amend its application. Just last week, they changed the ETF recommendation code to HODL. Van Eck said the company is proud of the new stock code.
The executive said both gold and Bitcoin tend to move in the same direction and have the same macro context behind them. This, along with the upcoming halving and possible approval of ETFs, could push BTC prices higher. In fact, the VanEck CEO sees a new all-time high above $69,000 (recorded in late 2021) occurring within the next 12 months.
On the question of whether there will be a new asset that outperforms BTC in the future, van Eck said he does not see another “internet store of value” emerging and “leapfrogging” Bitcoin.
