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.
The VanEck CEO stated that he views Bitcoin (BTC) as an evolving asset class, likening its current stage to the “teenage stage.” According to van Eck, BTC has yet to attract many investor classes, but he thinks it is only a matter of time before they join.
Emphasizing his bullish view of the benchmark asset, van Eck said he doesn’t understand why one would constantly have to sell if they believe in Bitcoin’s 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?’” van Eck said at the Bitcoin 2024 conference on Friday.
Jan van Eck says 30% of his portfolio in BTC
The VanEck CEO also discussed a scenario in which Bitcoin’s price could surge to $3 million a coin should it be adopted as a global reserve asset. While speculative, the prediction considers the potential for the flagship crypto asset to see unprecedented adoption worldwide.
“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,” van Eck said.
Asked what he is doing with his own portfolio, van Eck responded that he “own(s) way over 30%”.
Van Eck’s comments at Bitcoin 2024 come as the conference gears up for a much-anticipated 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.
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