VanEck dictates the roadmap for Bitcoin, whose capitalization aims to be at least half that of gold's current one

Bitcoin vs Gold

Jan Van Eck, CEO of financial giant VanEck, revealed his predictions for Bitcoin in a recent interview with Scott Melker. According to him, in particular, Bitcoin's market capitalization could reach at least half of gold's capitalization.

An important milestone (7.850 thousand billion dollars) but achievable, according to the CEO, within the next decade, also thanks to an ever-growing interest of tradFi towards the first cryptocurrency.

The current market capitalization of gold amounts to about 15.7 trillion dollars, while that of BTC is stuck at about $1.36 bln.

"I say that BTC will eventually reach at least half of gold's market capitalization," he said. "I think it will take another five to ten years, mainly because our TradFi customers are still very confused about it, but the demand is becoming more and more evident."

TradFi increasingly interested in BTC

Investment funds will play a fundamental role in all of this, as they may increasingly include BTC in their clients’ portfolios over time. The trend is already underway, in the US as in the rest of the world, but the hope is that this approach to Bitcoin will be implemented “with an increasingly open mindset”.

Furthermore, the role of Bitcoin outside the jurisdiction of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is not a given, as, according to Melker, investors outside the US would not want to be increasingly freed from the constraints imposed by SWIFT and the US financial system (with the resulting political control)”.