13 July 2024
VanEck CEO Jan van Eck expresses strong bullish sentiment towards both Bitcoin and gold, citing various market dynamics and global economic factors. Despite short-term pressures on Bitcoin, including government selling and liquidations, he maintains a positive long-term outlook, noting continued retail investor interest in spot Bitcoin ETFs. For gold, van Eck points to record highs driven by geopolitical tensions and increased central bank purchases. He highlights the declining appeal of traditional safe-haven currencies, making both gold and Bitcoin attractive alternatives. Looking ahead, van Eck anticipates potential fiscal challenges in 2025, particularly regarding U.S. Social Security, and expects continued Federal Reserve easing policies to support both assets.