VanEck CEO Labels Bitcoin As ‘Freedom’, Here’s Why
Highlights
- The CEO of VanEck has stated that he believed in Bitcoin’s “freedom.”
- Furthermore he noted that Bitcoin is in his blood sparking wider support.
- Bitcoin makes up 30% of the executive’s portfolio.
VanEck CEO Jan van Eck has doubled down on Bitcoin (BTC) freedom attributes drawing similar lines with gold in the past. As the crypto asset becomes more mainstream with institutional adoption, users are repositioning their investments with the launch of spot Bitcoin ETFs. The price increase and asset utility continue to rattle institutions.
VanEck CEO Says Bitcoin Is Freedom
VanEck CEO says he fully understands the description of Bitcoin as freedom as well as a comparison to gold. Speaking at the 2024 Bitcoin conference, the executive explained the origin of gold mutual funds in the United States including how it was illegal for Americans to hold gold as well as the company’s efforts.
“VanEck was founded in 1955, but we also started the first gold mutual fund in the United States in 1968 before the big inflationary run-up of the 70s, and there was the illegal for Americans to hold gold at the time…my mum is German and she was a refugee, she tried to flee the community secret police, so I get why Bitcoin, I get why freedom.”
The CEO also noted that Bitcoin was in his blood sparking wider community enthusiasm on social media spaces. He adds that Bitcoin was an evolving asset because not all areas so many investor classes haven’t joined. Personally he disclosed ownership of Bitcoin up to 30% of his portfolio while charging other investors amid the price bull run case.
Also Read: Ethereum ETF Shows Promise Despite Grayscale Outflows: Bloomberg Analyst
Institutional Demand See Widespread Adoption
In the last decade, the asset’s adoption has soared due to heightened institutional demand. The launch of ETFs has seen new levels of inflows with commentators showing a stronger price action. While the asset’s price soared past $73,000, bulls project a higher price when macro factors swing positive.
In a recent report, VanEck wrote that by 2025, BTC could be used to settle 5% of the world’s domestic trade and 10% to global trade including a potential price of $2.9 million per coin.
Also Read: LUNC News: Terra Luna Classic Dev Reveals Severe Issues In Tax2Gas Review
- Expert Identifies Bullish DOGE Flag as CleanCore Treasury Tops $160M With Fresh Purchase
- Breaking: Bitcoin Proxy Metaplanet Announces New US, Japan Subsidiaries As Stock Slumps
- Will Bitcoin Reclaim $120K as Options Bulls Target $125K Highs Post-FOMC?
- Sharps Technology Announce Plans to Stake Treasury in BONK, Analyst Projects Parabolic Rally
- Why Pi Network Team Is Betting High on Token2049 As Community Seeks Answers
- XRP Price Prediction: Market Longs Surge to 78% as VivoPower Launches Treasury Expansion
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
- Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
- Bitcoin Price Prediction as Fed Decision Nears — Dump Before the Next Rally?
- Ethereum Price Prediction As Standard Chartered Says Treasury Buying Will Boost ETH Over Rivals
- Solana Price Prediction: Analyst eyes $1,250 as Galaxy Digital and Forward Industries Intensify Accumulation
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
