VanEck CEO Allocates Over 30% of Portfolio to Bitcoin, Signals Strong Bullish Sentiment

Jan van Eck, CEO of investment management firm VanEck, reaffirmed his optimistic stance on Bitcoin, revealing that ‘way over 30%’ of his personal investment portfolio is allocated to the cryptocurrency. Speaking at the Bitcoin 2024 conference, van Eck likened Bitcoin to an asset in its ‘teenage stage,’ suggesting it is still early in its development and has yet to attract a broad spectrum of investors.

Van Eck emphasized his long-term bullish outlook, questioning the logic of selling Bitcoin for those who believe in its potential. “The toughest allocation question I have, and I know a lot of individuals think about this as well, is that ‘why should I be selling Bitcoin if I believe in the super bull case?'” VanEck commented.

Furthermore, van Eck speculated on Bitcoin’s future as a global reserve asset, suggesting that its price could reach $3 million per coin under such circumstances. While acknowledging the speculative nature of this prediction, he highlighted the significant potential for widespread adoption of the cryptocurrency.

“Everyone I meet at Bitcoin conferences owns way more in their own portfolio, and I always say, wait a minute, I always want to tell people what I’m doing personally because they should know,” van Eck shared, disclosing his substantial Bitcoin holdings.

The Bitcoin 2024 conference, held in Nashville, Tennessee, anticipates a keynote address from former U.S. President Donald Trump, adding to the event’s high profile.

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