VanEck: BTC is approaching the $ 300,000 level

Jan VanEck, CEO of VanEck, has predicted that the value of bitcoin BTC $90,613.81 Bitcoin -0.97% Market capitalization $1.79 trillion VOL. 24 hours $2.12 billion could reach $ 300,000. In an interview with the US broadcaster CNBC, VanEck noted that the first cryptocurrency will soon update its historical high and continue to grow, as its market capitalization may approach half of gold’s. According to him, this comparison makes the $ 300,000 target a «balanced forecast.»

Van Eck also emphasized his vision of bitcoin as «digital gold,» adding that cryptocurrency maximalists expect it to eventually surpass gold in terms of capitalization. Interestingly, back in August of this year, he made an even more ambitious forecast, suggesting that bitcoin could rise to $ 350,000.

VanEck has also previously suggested that bitcoin could reach $ 2.9 million by 2050 if it is accepted as a global medium of exchange and reserve currency. Against the backdrop of these statements, another well-known analyst, Tom Lee of Fundstrat, predicts that bitcoin will grow to $ 100,000 by the end of 2024.

At the time of writing, the market leader is trading at $ 81,310 with a market capitalization of $ 1.6 trillion. Traders made daily trading deals worth $ 76.88 billion.