The CEO of VanEck, a prominent financial company, predicts that Bitcoin’s market capitalization will eventually reach at least half of gold’s market capitalization. Jan van Eck, in a recent interview with Scott Melker, estimated that it could take about ten years for traditional finance (TradFi) to contribute to Bitcoin’s market cap reaching $7.85 trillion. Currently, the market cap of gold stands at approximately $15.7 trillion, while Bitcoin’s market cap is around $1.36 trillion.

Van Eck stated, “I believe that Bitcoin will eventually become at least half the market cap of gold. This will likely take another five or ten years. Our TradFi clients are still uncertain about Bitcoin and reluctant to discuss it, but their own clients are pushing for discussions. So we have a long way to go. Additionally, their buying behavior is not conducive to growth. They tend to buy at the peak and expect it to crash to zero at the bottom. Their allocation strategies are flawed…”

He also expressed hope that portfolio allocators in the United States and Europe will be open-minded enough to consider gold or Bitcoin when the timing is right in the market cycle. He emphasized the importance of disciplined decision-making to take advantage of these trends for their clients, as he has given up on the end clients fully understanding it.

Furthermore, Van Eck believes that there is a growing interest among international investors to own Bitcoin due to its independence from the Society for Worldwide Interbank Financial Telecommunication (SWIFT). He stated, “Investors outside the United States are increasingly seeking alternatives to being tied to SWIFT, the US financial system, and the associated political control.”

As of now, Bitcoin is trading at $69,020, experiencing a nearly 2% increase in the past 24 hours.

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