{"id":655312,"date":"2024-11-28T11:30:22","date_gmt":"2024-11-28T11:30:22","guid":{"rendered":"https:\/\/uniquehot.com\/?p=655312"},"modified":"2024-11-28T08:49:00","modified_gmt":"2024-11-28T08:49:00","slug":"bitcoin-wont-hit-400000-this-cycle-vaneck-ceo","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/","title":{"rendered":"Bitcoin Won’t Hit $400,000 This Cycle, VanEck CEO Reveals Realistic Price Target"},"content":{"rendered":"

In an interview<\/a> with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin’s potential trajectory, the US fiscal deficit, and the broader financial markets. Contrary to some hyper-bullish forecasts, van Eck provided a more conservative price target for Bitcoin for this bull run.<\/p>\n

Van Eck stated, “Our thesis is effectively that Bitcoin will keep to the halving cycle, so we’re looking at sort of $150,000 to $180,000 this cycle as a price target.” He dismissed the notion that Bitcoin could reach $400,000 in the current cycle, suggesting that such a milestone might be achieved in the next cycle. “In the next cycle, it reaches my target of half the value of gold, so $400,000 plus depending on the price of gold,” he added.<\/p>\n

Discussing the US fiscal deficit, van Eck identified it as “the elephant in the room” and a significant concern for the markets. “We are spending money that’s just completely unsustainable, and for any other country, they’d be headed towards bankruptcy,” he remarked.<\/p>\n

Related Reading: Will Bitcoin See Another \u2018Thanksgiving Day Massacre\u2019? Experts Weigh In<\/a><\/div>\n

He outlined two prevailing schools of thought in Washington regarding fiscal policy. The first is the lobbyist perspective, which asserts that it’s impossible to cut spending significantly, resulting in minimal slowing of growth in the budget deficit. The second is the “extreme disruptors” approach, advocating for a $500 billion cut in government spending.<\/p>\n

Van Eck credited this figure to Vivek Ramaswamy, co-head of the Department of Government Efficiency (DOGE)<\/a>, stating, “They can effectuate that because there are 1,200 programs that are no longer authorized but still spending money, which means that they can terminate them with an executive order.” He described this target as “healthy” and “realistic,” although acknowledging it would not close the entire deficit, which was $1.8 trillion last year.<\/p>\n

Addressing the market’s reaction to the election of President Trump, van Eck found it peculiar that despite a clear electoral outcome, there remains uncertainty about fiscal policy. “We had a sweep by one political party, yet we don’t really know what their fiscal policy is gonna be,” he observed.<\/p>\n

He noted that the initial market reaction was negative for gold because of the possibility of government restructuring. “The initial reaction was negative gold because the idea was, wow, maybe they will be able to restructure government. Never bet against Elon, right?” he said.<\/p>\n

Related Reading: Bitcoin Adoption Grows As Rumble Unveils $20 Million BTC Treasury Strategy<\/a><\/div>\n

Van Eck also commented on geopolitical tensions, particularly the situation in Ukraine<\/a> and the approval of long-range missiles striking deep into Russian territory. While acknowledging that such events can impact markets, he cautioned, “The problem is geopolitical stuff is completely uninvestable. We never know what next headline is coming, and we don’t know if it’s going to be bullish or bearish.” He advised that professional investors often choose to “do absolutely nothing” in response to geopolitical uncertainties<\/a>.<\/p>\n

Catalysts For Bitcoin Price<\/h2>\n

On the subject of institutional interest in Bitcoin and regulatory shifts, van Eck emphasized that the regulatory environment plays a crucial role. “It really depends on the regulatory environment,” he said. He pointed out that while regions like Asia have seen regulators giving the green light, the US has been relatively quiet. However, he noted a recent uptick in interest: “Now, with the new regime, suddenly the phone is ringing.”<\/p>\n

Van Eck revealed his personal investment stance, stating, “That’s why I have a huge personal investment in Bitcoin and gold.” He expressed optimism about Bitcoin’s maturation process, likening it to a child growing up: “I would say it’s sort of like a teenager, and what gets it to mature is new investor sets coming in.” He noted that while individual investors have embraced Bitcoin ETFs, the wealth management industry has yet to fully engage.<\/p>\n

Addressing the correlation between Bitcoin and traditional markets, particularly the NASDAQ, van Eck admitted concern: “The thing that worried me the most […] Bitcoin’s correlation<\/a> to the NASDAQ was high.” He explained that this high correlation made Bitcoin less attractive to professional investors who were already overexposed to mega-cap tech stocks. However, he remains hopeful that Bitcoin’s correlation will diminish: “Rooting for and expecting that its correlation will go back to zero, which it has been for the long term.”<\/p>\n

At press time, BTC traded at $95,350.<\/p>\n

\"Bitcoin
BTC price recovers above $95,000, 1-week chart | Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In an interview with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin’s potential trajectory, the US fiscal deficit, and the broader financial markets. Contrary to some hyper-bullish forecasts, van Eck provided a more conservative price target for Bitcoin for this bull run. Van Eck stated, “Our thesis is effectively that Bitcoin will keep to the halving cycle, so we’re looking at sort of $150,000 to $180,000 this cycle as a price target.” He dismissed the notion that Bitcoin could reach $400,000 in the current cycle, suggesting that such a milestone might be achieved in the next cycle. “In the next cycle, it reaches my target of half the value of gold, so $400,000 plus depending on the price of gold,” he added. Discussing the US fiscal deficit, van Eck identified it as “the elephant in the room” and a significant concern for the markets. “We are spending money that’s just completely unsustainable, and for any other country, they’d be headed towards bankruptcy,” he remarked. Related Reading: Will Bitcoin See Another \u2018Thanksgiving Day Massacre\u2019? Experts Weigh In He outlined two prevailing schools of thought in Washington regarding fiscal policy. The first is the lobbyist perspective, which asserts that it’s impossible to cut spending significantly, resulting in minimal slowing of growth in the budget deficit. The second is the “extreme disruptors” approach, advocating for a $500 billion cut in government spending. Van Eck credited this figure to Vivek Ramaswamy, co-head of the Department of Government Efficiency (DOGE), stating, “They can effectuate that because there are 1,200 programs that are no longer authorized but still spending money, which means that they can terminate them with an executive order.” He described this target as “healthy” and “realistic,” although acknowledging it would not close the entire deficit, which was $1.8 trillion last year. Addressing the market’s reaction to the election of President Trump, van Eck found it peculiar that despite a clear electoral outcome, there remains uncertainty about fiscal policy. “We had a sweep by one political party, yet we don’t really know what their fiscal policy is gonna be,” he observed. He noted that the initial market reaction was negative for gold because of the possibility of government restructuring. “The initial reaction was negative gold because the idea was, wow, maybe they will be able to restructure government. Never bet against Elon, right?” he said. Related Reading: Bitcoin Adoption Grows As Rumble Unveils $20 Million BTC Treasury Strategy Van Eck also commented on geopolitical tensions, particularly the situation in Ukraine and the approval of long-range missiles striking deep into Russian territory. While acknowledging that such events can impact markets, he cautioned, “The problem is geopolitical stuff is completely uninvestable. We never know what next headline is coming, and we don’t know if it’s going to be bullish or bearish.” He advised that professional investors often choose to “do absolutely nothing” in response to geopolitical uncertainties. Catalysts For Bitcoin Price On the subject of institutional interest in Bitcoin and regulatory shifts, van Eck emphasized that the regulatory environment plays a crucial role. “It really depends on the regulatory environment,” he said. He pointed out that while regions like Asia have seen regulators giving the green light, the US has been relatively quiet. However, he noted a recent uptick in interest: “Now, with the new regime, suddenly the phone is ringing.” Van Eck revealed his personal investment stance, stating, “That’s why I have a huge personal investment in Bitcoin and gold.” He expressed optimism about Bitcoin’s maturation process, likening it to a child growing up: “I would say it’s sort of like a teenager, and what gets it to mature is new investor sets coming in.” He noted that while individual investors have embraced Bitcoin ETFs, the wealth management industry has yet to fully engage. Addressing the correlation between Bitcoin and traditional markets, particularly the NASDAQ, van Eck admitted concern: “The thing that worried me the most […] Bitcoin’s correlation to the NASDAQ was high.” He explained that this high correlation made Bitcoin less attractive to professional investors who were already overexposed to mega-cap tech stocks. However, he remains hopeful that Bitcoin’s correlation will diminish: “Rooting for and expecting that its correlation will go back to zero, which it has been for the long term.” At press time, BTC traded at $95,350. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":655339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,6848,93258,93445,1119,89185,1122,93444,14829],"class_list":["post-655312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-bitcoin-price-prediction-2025","tag-bitcoin-price-prediction-this-bull-run","tag-btc","tag-btc-news","tag-btc-price","tag-jan-van-eck","tag-vaneck"],"acf":[],"yoast_head":"\nBitcoin Won't Hit $400k This Cycle, Realistic Target: VanEck CEO<\/title>\n<meta name=\"description\" content=\"In an interview with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin's potential trajectory,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Won't Hit $400k This Cycle, Realistic Target: VanEck CEO\" \/>\n<meta property=\"og:description\" content=\"In an interview with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin's potential trajectory,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-28T11:30:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-28T08:49:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645\" \/>\n\t<meta property=\"og:image:width\" content=\"1165\" \/>\n\t<meta property=\"og:image:height\" content=\"645\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Bitcoin Won’t Hit $400,000 This Cycle, VanEck CEO Reveals Realistic Price Target\",\"datePublished\":\"2024-11-28T11:30:22+00:00\",\"dateModified\":\"2024-11-28T08:49:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/\"},\"wordCount\":769,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"bitcoin price prediction\",\"Bitcoin Price Prediction 2025\",\"Bitcoin Price Prediction This Bull Run\",\"btc\",\"BTC news\",\"btc price\",\"Jan Van Eck\",\"VanEck\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/\",\"name\":\"Bitcoin Won't Hit $400k This Cycle, Realistic Target: VanEck CEO\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645\",\"datePublished\":\"2024-11-28T11:30:22+00:00\",\"dateModified\":\"2024-11-28T08:49:00+00:00\",\"description\":\"In an interview with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin's potential trajectory,\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645\",\"width\":1165,\"height\":645,\"caption\":\"Jan Van Eck Bitcoin price prediction this bull run cycle\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Won’t Hit $400,000 This Cycle, VanEck CEO Reveals Realistic Price Target\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/uniquehot.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Won't Hit $400k This Cycle, Realistic Target: VanEck CEO","description":"In an interview with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin's potential trajectory,","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Won't Hit $400k This Cycle, Realistic Target: VanEck CEO","og_description":"In an interview with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin's potential trajectory,","og_url":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-11-28T11:30:22+00:00","article_modified_time":"2024-11-28T08:49:00+00:00","og_image":[{"width":1165,"height":645,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645","type":"image\/png"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Bitcoin Won’t Hit $400,000 This Cycle, VanEck CEO Reveals Realistic Price Target","datePublished":"2024-11-28T11:30:22+00:00","dateModified":"2024-11-28T08:49:00+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/"},"wordCount":769,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645","keywords":["bitcoin","Bitcoin news","bitcoin price","bitcoin price prediction","Bitcoin Price Prediction 2025","Bitcoin Price Prediction This Bull Run","btc","BTC news","btc price","Jan Van Eck","VanEck"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/","url":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/","name":"Bitcoin Won't Hit $400k This Cycle, Realistic Target: VanEck CEO","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645","datePublished":"2024-11-28T11:30:22+00:00","dateModified":"2024-11-28T08:49:00+00:00","description":"In an interview with Mario Nawfal, Jan van Eck, CEO of $118 billion global asset manager VanEck, offered an analysis of Bitcoin's potential trajectory,","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645","width":1165,"height":645,"caption":"Jan Van Eck Bitcoin price prediction this bull run cycle"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Won’t Hit $400,000 This Cycle, VanEck CEO Reveals Realistic Price Target"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/uniquehot.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Won’t Hit $400,000 This Cycle, VanEck CEO Reveals Realistic Price Target","url":"http:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin price prediction","bitcoin price prediction 2025","bitcoin price prediction this bull run","btc","btc news","btc price","jan van eck","vaneck"],"dateCreated":"2024-11-28T11:30:22Z","datePublished":"2024-11-28T11:30:22Z","dateModified":"2024-11-28T11:30:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Won’t Hit $400,000 This Cycle, VanEck CEO Reveals Realistic Price Target\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin\\\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin\\\/bitcoin-wont-hit-400000-this-cycle-vaneck-ceo\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/Screenshot-2024-11-28-092755.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/Screenshot-2024-11-28-092755.png?fit=1165%2C645\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price prediction\",\"bitcoin price prediction 2025\",\"bitcoin price prediction this bull run\",\"btc\",\"btc news\",\"btc price\",\"jan van eck\",\"vaneck\"],\"dateCreated\":\"2024-11-28T11:30:22Z\",\"datePublished\":\"2024-11-28T11:30:22Z\",\"dateModified\":\"2024-11-28T11:30:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-28-092755.png?fit=1165%2C645","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/655312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=655312"}],"version-history":[{"count":3,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/655312\/revisions"}],"predecessor-version":[{"id":655344,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/655312\/revisions\/655344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/655339"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=655312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=655312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=655312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}