Cryptocurrency experts name the best time to invest in digital assets

Jan van Eck, CEO of investment company VanEck, said: a «politically motivated» rate cut by the US Federal Reserve could coincide with the halving and potential launch of spot bitcoin ETFs, creating a «very exciting spring» for crypto investors. He expressed this opinion in the Empire podcast.

«We're close to the end of the [монетарної політики] tightening cycle. We are definitely closer to the end than the beginning,» the top manager emphasized. He suggested that the Fed’s rate cuts are «at least six months away».

VanEck CEO expressed optimism about the potential approval of the first spot bitcoin ETF in the United States. He believes that the SEC (Securities and Exchange Commission) is unlikely to «give any particular company the first-mover advantage by bringing everyone to the market on the same day.»

Jan van Eck called the likely launch of a new financial product «more symbolic than anything else.»

«It's important because everyone thinks it’s important,» the analyst emphasized.

The top manager noted that, like platinum and silver, bitcoin has become an alternative to gold as a means of saving. Finally, he reminded that bitcoin’s halving «leads to a bull market» that is expected to start in April 2024.

Earlier, VanEck analysts predicted a significant growth of Solana cryptocurrency and the championship for Anatoly Yakovenko’s blockchain. VanEck’s report presents a wide range of scenarios for estimating the value of SOL until 2030. The price of the asset ranges from $ 9.81 to $ 3211.28 depending on various market factors and revenue estimates in key sectors.

Currently, Solana is among the ten largest cryptocurrencies by market capitalization, having shown an impressive growth of more than 200% since the beginning of 2023. The total value of funds blocked in the ecosystem (TVL) is about $ 378 million.