<\/p>\n
The CEO of investment management firm VanEck says he can\u2019t see a world where Bitcoin (BTC) is overtaken as the leading store of value on the internet.<\/p>\n
\u201cI think it\u2019s impossible for me to imagine some other internet store of value [will] leapfrog Bitcoin,\u201d Jan van Eck said in a Dec. 16 interview with CNBC. <\/p>\n
\u201cThere\u2019s 50 million users of Bitcoin, so it\u2019s got network effects.”<\/p><\/blockquote>\n
The CEO \u2014\u00a0 $76.4 billion in assets under management \u2014 also crushed accusations that Bitcoin is in a \u201cbubble,\u201d \u2014 explaining that no asset has ever been in a bubble that continues to outperform itself every market cycle. He added:<\/p>\n
\u201cBitcoin is the obvious asset that is growing up in front of our eyes.\u201d<\/p><\/blockquote>\n
Meanwhile, Van Eck expects Bitcoin to see all-time highs in the next 12 months.<\/p>\n
\nVanEck CEO @JanvanEck3<\/a> expects Bitcoin all-time-high in the next 12 months. \u201cIt\u2019s an asset that\u2019s growing up in front of our eyes.\u201d Also some good notes on the spot Bitcoin ETF effort and macro cycle. pic.twitter.com\/02qZOVBPyx<\/a><\/p>\n