Jan van Eck, the chief executive officer of investment management firm VanEck, reiterated his bullish stance on Bitcoin at Bitcoin 2024, revealing that ‘way over 30%’ of his portfolio is in Bitcoin. He described Bitcoin as an evolving asset class in its “teenage stage,” suggesting it will attract more investor classes over time.
Van Eck emphasized his commitment to Bitcoin, questioning the rationale behind selling it if one believes in its bull case. “The toughest allocation question I have, and I know a lot of individuals think about this as well, is that ‘why should I be selling Bitcoin if I believe in the super bull case?’” he said at the conference.
Jan van Eck, the chief executive officer of investment management firm VanEck, has reiterated his bullish stance on Bitcoin by declaring at Bitcoin 2024 that ‘way over 30%’ of his portfolio is in Bitcoin.
In a speculative scenario, van Eck discussed Bitcoin’s price potentially surging to $3 million per coin if adopted as a global reserve asset. He noted, “Everyone I meet at Bitcoin conferences owns way more in their own portfolio, and I always say, wait a minute, I always want to tell people what I’m doing personally because they should know.”
Regarding his portfolio, van Eck stated that he “own(s) way over 30%” in Bitcoin.
Van Eck’s comments come as the Bitcoin 2024 conference anticipates a keynote address by former U.S. president and current Republican nominee Donald Trump. Trump will highlight the convention currently underway in Nashville, Tenn., on July 27.
