The CEO of VanEck, a prominent financial institution, predicts that Bitcoin’s market capitalization will eventually reach at least 50% of gold’s market capitalization. In an interview with Scott Melker, VanEck CEO Jan van Eck explains that it may take up to ten years for traditional finance to play a significant role in driving Bitcoin’s market cap to $7.85 trillion. Currently, the market cap of gold stands at around $15.7 trillion, while Bitcoin’s market cap is approximately $1.36 trillion.

Van Eck states, “I believe that Bitcoin will eventually become at least half the market cap of gold. This may take another five or ten years. Our traditional finance clients are still perplexed by Bitcoin and are reluctant to discuss it, but their clients demand it. We still have a long way to go. Moreover, their purchasing behavior is unhelpful as they tend to buy at the peak and then panic when it drops, leading to poor allocation…”

He further expresses hope that portfolio allocators in the United States and Europe will be open-minded enough to consider gold or Bitcoin at the right time in the market cycle and seize the opportunities for their clients. He acknowledges that the end clients themselves may not fully comprehend these assets.

Van Eck also notes a growing interest among international investors in Bitcoin due to it being independent of the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which limits their exposure to the US financial system and its associated political control.

At the time of writing, Bitcoin is trading at $69,020, experiencing a nearly 2% increase in the past 24 hours.

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Disclaimer: The opinions expressed in this article are not to be considered as investment advice. Investors should conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. Please be aware that any transfers or trades you make are done at your own risk, and you are solely responsible for any losses incurred. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor do we provide investment advice. Please note that The Daily Hodl participates in affiliate marketing.

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