Bitcoin (BTC), the giant in the cryptocurrency realm, has witnessed a rollercoaster journey as 2023 comes to a close. In the first week of December, BTC briefly soared to an impressive $44,000, only to face a sudden decline, leaving many investors in suspense about its year-end performance. VanEck CEO, Jan Van Eck, remains undeterred by the recent volatility, expressing confidence in Bitcoin’s resilience during an interview with CNBC on December 16.
Van Eck, the head of investment management firm VanEck, considers Bitcoin a leading internet store of value. Emphasizing its consistent outperformance of other assets over the years, he firmly believes that Bitcoin will continue to yield gains, even in the face of recent market fluctuations. Despite the current $41,000 price point, Van Eck boldly predicts that Bitcoin will surpass its 2021 peak of $69,000 within the next 12 months, aligning with the positive sentiment prevailing in the industry.
The Graph (GRT) – Riding the Momentum
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