VanEck CEO Owns ‘Way Over 30%’ In Bitcoin, Asset Manager Sees $2.9M Price By 2050
Summary
Jan van Eck, CEO of VanEck, revealed owning "well over 30%" in Bitcoin at the 2024 Bitcoin Conference. VanEck's report projects a bullish long-term price for BTC, estimating a value of $2.9 million per coin by 2050. The report suggests that Bitcoin's scalability issues will be resolved through Layer-2 solutions, leading to increased adoption and potential use in settling international and domestic trade. This could result in central banks holding 2.5% of their assets in Bitcoin, potentially driving the price to $2.9 million per coin by 2050. BTC was trading at $67,600 at the time of writing.
