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VanEck CEO Jan van Eck said falling US interest rates and Bitcoin’s halving will be the catalysts that power BTC to a new all-time high (ATH) within a year.
“I expect all-time highs in the next 12 months,” he said in an interview with CNBC Television. “You can argue about it being in bubble. It bubbled in 2017 but then it hit all-time highs in 2021. You have this halving thing happening in April which is great technically for Bitcoin.’‘
The veteran fund manager, who oversees about $76.4 billion in assets, highlighted the correlation between BTC and gold, and shared that he believes both assets are largely tied to interest rate cycles. Interest rates are “headed down,” he said, and historically that’s been bullish for the leading cryptocurrency.
“They both peaked in 2021, they’ve both been rallying this year, obviously, Bitcoin way more than gold for different reasons,” he said.
Bitcoin Is Growing Up
Despite BTC being up 145% in a year, the CEO says BTC’s big gains aren’t over yet.
“It’s growing up,” he said. “It’s like a child that’s growing up.”
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