Bitcoin is predicted to grow by 700%

Jan van Eck, CEO of the global investment agency VanEck, expressed optimism that the price of bitcoin will increase by 700% compared to the current indicators of the No. 1 cryptocurrency.

At the same time, the timing is not so optimistic — according to van Eck, it may take a decade to reach the $ 250,000 mark for 1 BTC. In any case, for bitcoin, CEO VanEck predicts a capitalization of 50% of the current gold capitalization.

«Bitcoin is waiting for a price increase, because it is still maturing. And its institutional acceptance is growing every year. Not only institutional investors, but also governments around the world see it as a useful asset,» van Eck added.