VanEck CEO says Bitcoin accounts for ‘way over 30%’ of his portfolio

Jan van Eck, CEO of investment management firm VanEck, reiterated his optimistic stance on Bitcoin, stating that ‘more than 30 percent’ of his portfolio is Bitcoin by Bitcoin 2024.

VanEck CEO noted that he sees Bitcoin (BTC) as an emerging asset class, likening its current stage to an “adolescence stage.” According to Van Eck, BTC has yet to attract many classes of investors, but he thinks it’s only a matter of time before they join.

Van Eck emphasized his optimistic view on the index asset, stating that he does not understand why someone who believes in Bitcoin’s bullish potential is forced to constantly sell.

“The hardest allocation question for me, and I know a lot of people are thinking about this, is, ‘Why should I sell Bitcoin if I believe in a super bull market?’” Van Eck said at the Bitcoin 2024 conference on Friday.

Jan van Eck says 30% of his portfolio is BTC

The VanEck CEO also discussed the scenario that Bitcoin could see its price rise to $3 million per coin if it were to be adopted as a global reserve asset. While speculative, the prediction does take into account the potential for the flagship crypto asset to see unprecedented adoption across the globe.

“Everyone I meet at Bitcoin conferences has so much more in their portfolio, and I always say, wait a minute, I always want to tell people what I do personally because they need to know,” Van Eck said.

When asked what he did with his own portfolio, Van Eck said he “owned more than 30 percent.”

Van Eck’s comments on Bitcoin 2024 come as the conference prepares for the highly anticipated keynote speech by former US president and current Republican nominee Donald Trump.

Trump will highlight the ongoing convention in Nashville, Tenn., on July 27.