Here’s Why VanEck’s CEO Keeps ‘Way More Than 30%’ of His Portfolio in Bitcoin

Jan van Eck, CEO of investment management company VanEck, highlighted some of Bitcoin’s most notable merits during the ongoing BTC conference in the United States.

It also said that “well over 30%” of its portfolio has been allocated to the core digital asset.

VanEck is among the financial giants that introduced and subsequently launched spot Bitcoin ETFs earlier this year. As of July 27, the HODL ETF has over $600 million in BTC under management.

The company’s CEO has been bullish on the biggest cryptocurrency for years, previously highlighting why BTC will inevitably break its 2021 ATH of $69,000 (which it did after the ETFs launched) and predicting a price of $250,000 in near future

During the ongoing Bitcoin conference in Nashville, he emphasized that Bitcoin has become a “teenager” now after having evolved over the past 15 years, but it is not yet fully formed and grown.

However, he still doesn’t understand why people who strongly believed in its potential would ever sell any BTC to capitalize on gains against the dollar.

In fact, van Eck spoke of recent research by the company that predicted a price of $2.9 million per BTC should the asset be adopted by banks and governments. Although he admitted that this is a “highly speculative” scenario, he assured that the majority of investors attending these conferences have allocated the bulk of their portfolios to BTC.

Asked about his own portfolio, van Eck emphasized that “well over 30%” has been poured into the largest digital asset for the reasons mentioned above.

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!