{"id":565856,"date":"2023-12-18T13:30:03","date_gmt":"2023-12-18T13:30:03","guid":{"rendered":"https:\/\/wncen.com\/?p=565856"},"modified":"2024-06-11T09:49:44","modified_gmt":"2024-06-11T09:49:44","slug":"vaneck-ceo-bitcoin-price-69000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/vaneck-ceo-bitcoin-price-69000\/","title":{"rendered":"VanEck CEO Predicts When The Bitcoin Price Will Reach $69,000 Again"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinist.com\/vaneck-ceo-declares-bitcoin-unbeatable\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">VanECK\u2019s CEO, Jan van Eck<\/span><\/a><span style=\"font-weight: 400\">, had so much to say about Bitcoin in a recent interview. One of the highlights was his prediction as to when the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-short-term-holders-4-5-profits-nov-2021\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">flagship cryptocurrency<\/span><\/a><span style=\"font-weight: 400\"> will once again <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-spot-etfs-ath\/#:~:text=There%20is%20reason%20to%20believe,the%20first%20year%20of%20launch.\"><span style=\"font-weight: 400\">hit its all-time high<\/span><\/a><span style=\"font-weight: 400\"> (ATH) of $69,000.\u00a0<\/span><\/p>\n<h2>When Bitcoin Will Hit $69,000 Again<\/h2>\n<p><span style=\"font-weight: 400\">In an <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=ab_JHfDVnno\" rel=\"nofollow\"><span style=\"font-weight: 400\">interview<\/span><\/a><span style=\"font-weight: 400\"> with CNBC, Jan Van Eck stated that he expects Bitcoin to hit a new ATH in the next 12 months. That means that the crypto token could reclaim its current ATH of $69,000 and possibly surpass it based on Van Eck\u2019s prediction. Interestingly, <\/span><a href=\"https:\/\/wncen.com\/bitcoin-news\/the-bitcoin-spot-etf-boom-vaneck-forecasts-2-4-billion-inflows-in-q1-2024\/\"><span style=\"font-weight: 400\">his firm predicts<\/span><\/a><span style=\"font-weight: 400\"> that Bitcoin could witness a new ATH by November 9, 2024.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitwise-reveals-two-major-triggers-that-will-send-bitcoin-price-to-80000\/\">Bitwise Reveals Two Major Triggers That Will Send Bitcoin Price To $80,000<\/a><\/div>\n<p><span style=\"font-weight: 400\">Throughout the interview, Jan Van Eck sounded so bullish on BTC. He highlighted how he had always been a firm believer in the crypto token. He also noted that his firm was the first ETF player to <\/span><a href=\"https:\/\/bitcoinist.com\/vaneck-bitcoin-etf-concerns-sec\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">have filed to offer<\/span><\/a><span style=\"font-weight: 400\"> a Spot Bitcoin ETF back in 2017. The application was, however, <\/span><a href=\"https:\/\/bitcoinist.com\/bulls-put-on-the-spot-as-vaneck-bitcoin-etf-is-rejected\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">rejected at the time<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Asset manager VanEck\u2019s relatively early interest in Bitcoin seemed to have been driven by their CEO as he narrated how his interest in Bitcoin grew. Van Eck mentioned how he began to listen to podcasts and went as far as reading <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-whitepaper-15th-sec-calls-compliance\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin\u2019s whitepaper<\/span><\/a><span style=\"font-weight: 400\">. Back when the crypto token was trading at $3,000, he said he had predicted that it would still do a 10x from there.<\/span><\/p>\n<p><span style=\"font-weight: 400\">VanEck\u2019s CEO further stated that Bitcoin is \u201cthe obvious asset that is growing in front of our eyes.\u201d He likened Bitcoin\u2019s growth to China\u2019s and how the country was underdeveloped years ago but now has one of the largest economies. Therefore, he suggested that BTC is still going to attain unprecedented heights.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Lh9XmVsp\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3266\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">BTC price falls below $41,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<h2>Nothing Like BTC<span style=\"font-weight: 400\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">At some point in the interview, Van Eck was quizzed about whether or not there could be something else that surpasses <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/fidelity-bitcoin-exponential-gold\/\"><span style=\"font-weight: 400\">Bitcoin, just like it did with Gold<\/span><\/a><span style=\"font-weight: 400\">. He responded in the negative as he stated that it is almost impossible for him to imagine some other \u201cInternet store of value\u201d leapfrogging Bitcoin.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/xrp\/changelly-xrp-price-10\/\">Changelly Releases Updated Predictions For XRP Price, When Will It Cross $10?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Van Eck went on to note that the <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-price-major-events\/\"><span style=\"font-weight: 400\">macro behind Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> is very strong. He also alluded to the macrocycle, especially with interest rates expected to keep falling, and how this is bullish for the crypto token. He believes that this, alongside with the upcoming <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-showing-unprecedented-pre-halving-price-action-heres-what-this-means\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin Halving event<\/span><\/a><span style=\"font-weight: 400\"> are the factors that will make BTC outperform in the coming year.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/bitcoinist.com\/vaneck-revised-spot-bitcoin-etf\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Asset manager VanEck<\/span><\/a><span style=\"font-weight: 400\"> is one of the numerous asset managers who have applied to the SEC to offer a Spot Bitcoin ETF. With <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bloomberg-spot-bitcoin-etf\/#:~:text=Bloomberg%20Analyst%20Predicts%20Likelihood%20Of%20A%20Spot%20Bitcoin%20ETF%20By%20January%202024,-by%20Scott%20Matherson&amp;text=Following%20notable%20changes%20to%20the,as%20early%20as%20next%20year\"><span style=\"font-weight: 400\">approval possibly on the horizon<\/span><\/a><span style=\"font-weight: 400\">, the firm\u2019s CEO believes that the Commission is likely to approve the pending funds simultaneously. His belief stems from the fact that the SEC did the same thing with the <\/span><a href=\"https:\/\/bitcoinist.com\/eth-futures-etf-debut-how-the-1st-day-played-out\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Ethereum futures ETF<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Capital.com, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>VanECK\u2019s CEO, Jan van Eck, had so much to say about Bitcoin in a recent interview. One of the highlights was his prediction as to when the flagship cryptocurrency will once again hit its all-time high (ATH) of $69,000.\u00a0 When Bitcoin Will Hit $69,000 Again In an interview with CNBC, Jan Van Eck stated that he expects Bitcoin to hit a new ATH in the next 12 months. That means that the crypto token could reclaim its current ATH of $69,000 and possibly surpass it based on Van Eck\u2019s prediction. Interestingly, his firm predicts that Bitcoin could witness a new ATH by November 9, 2024.\u00a0 Related Reading: Bitwise Reveals Two Major Triggers That Will Send Bitcoin Price To $80,000 Throughout the interview, Jan Van Eck sounded so bullish on BTC. He highlighted how he had always been a firm believer in the crypto token. He also noted that his firm was the first ETF player to have filed to offer a Spot Bitcoin ETF back in 2017. The application was, however, rejected at the time. Asset manager VanEck\u2019s relatively early interest in Bitcoin seemed to have been driven by their CEO as he narrated how his interest in Bitcoin grew. Van Eck mentioned how he began to listen to podcasts and went as far as reading Bitcoin\u2019s whitepaper. Back when the crypto token was trading at $3,000, he said he had predicted that it would still do a 10x from there. VanEck\u2019s CEO further stated that Bitcoin is \u201cthe obvious asset that is growing in front of our eyes.\u201d He likened Bitcoin\u2019s growth to China\u2019s and how the country was underdeveloped years ago but now has one of the largest economies. Therefore, he suggested that BTC is still going to attain unprecedented heights. BTC price falls below $41,000 | Source: BTCUSD on Tradingview.com Nothing Like BTC\u00a0 At some point in the interview, Van Eck was quizzed about whether or not there could be something else that surpasses Bitcoin, just like it did with Gold. He responded in the negative as he stated that it is almost impossible for him to imagine some other \u201cInternet store of value\u201d leapfrogging Bitcoin.\u00a0 Related Reading: Changelly Releases Updated Predictions For XRP Price, When Will It Cross $10? Van Eck went on to note that the macro behind Bitcoin is very strong. He also alluded to the macrocycle, especially with interest rates expected to keep falling, and how this is bullish for the crypto token. He believes that this, alongside with the upcoming Bitcoin Halving event are the factors that will make BTC outperform in the coming year.\u00a0 Asset manager VanEck is one of the numerous asset managers who have applied to the SEC to offer a Spot Bitcoin ETF. With approval possibly on the horizon, the firm\u2019s CEO believes that the Commission is likely to approve the pending funds simultaneously. His belief stems from the fact that the SEC did the same thing with the Ethereum futures ETF.\u00a0 Featured image from Capital.com, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":565865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,6848,1119,89185,1122,17066,1144,78790,14829,90897],"class_list":["post-565856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-btc","tag-btc-news","tag-btc-price","tag-btc-price-prediction","tag-btcusd","tag-btcusdt","tag-vaneck","tag-vaneck-news"],"acf":[],"yoast_head":"\n<title>VanEck CEO Predicts When The Bitcoin Price Will Reach $69,000 Again<\/title>\n<meta name=\"description\" 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Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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