Bitcoin Still Reigns Supreme as Digital Store of Value: VanEck CEO

Crypto World and Bitcoin

Jan van Eck, the CEO of the investment management firm VanEck, believes that it is impossible for any other internet store of value to overtake Bitcoin (BTC) as the leading store of value in the crypto world. He expressed this opinion in a Dec. 16 interview with CNBC.

Van Eck dismissed any claims that Bitcoin is in a “bubble”, citing that no asset has ever been in a bubble that continues to outperform itself every market cycle. He further predicted that Bitcoin will reach all-time highs in the next 12 months.

VanEck’s Investment in Crypto World

The VanEck CEO said that the store of value investing is in their “DNA” and he believes that Bitcoin will become an “accompaniment” to gold. Back in 1968, John van Eck, the founder of the firm, launched the first gold fund in the United States.

VanEck is one of the thirteen applicants that are vying for an approved spot Bitcoin exchange-traded fund in the United States. The firm’s CEO expects that all spot Bitcoin exchange-traded fund applications will be approved on the same day.

The crypto world has been evolving over the years and VanEck is keeping up with the times. They are investing in the differences between web 1.0, 2.0, 3.0, and 4.0. They are also investing in the crypto of the day and crypto investing through CNBC.

Analysts in the crypto world predict that the Securities and Exchange Commission will make a decision about the pending Bitcoin ETFs between Jan. 5–10, with BlackRock, Grayscale, Bitwise, WisdomTree, Invesco Galaxy, Fidelity, Hashdex, and other finance entities also waiting for the SEC’s final verdict.