VanEck CEO Jan Van Eck quoted three commentaries from a Friday episode of The Compound and Friends podcast exhorting Bitcoin’s bullishness.
Bullish sentiments have swelled among crypto proponents as Bitcoin continues to break into new price discoveries. The premier asset surged to an unprecedented high of $81,800 on Sunday, sparking a wider market explosion.
Amidst these uptrends, VanEck CEO Jan Van Eck has attempted to spread further bullish sentiments in the market. In a November 10 post, he quoted three commentaries from a podcast explaining that the pioneering asset has more upsides from current highs.
Van Eck shared The Compound and Friends podcast hosted by Ritholtz Wealth’s CEO, Josh Brown. In the show, Brown—whom Van Eck described as a huge voice in the RIAs—emphasizes Bitcoin’s bullishness, noting in the Friday show that the pioneering crypto asset is one every market investor should watch.
The Ritholtz CEO stated that Bitcoin cannot be ignored again, asserting it was heading above $100,000 per coin. Brown noted that Bitcoin FOMO would set in at the six-figure price; hence, the asset would surge further to $110,000.
Furthermore, Brown noted that the US Treasury speculations were massive for Bitcoin. He argued that if the US stores the largest cryptocurrency by market cap as a strategic reserve, it would attract the central banks of other countries, spearheading mainstream adoption.
Meanwhile, Van Eck, who predicted Bitcoin would surge to $300,000, cited another quote from Katie Stockton, the founder and managing partner of Fairlead Strategies. Notably, she was a guest on the Compound and Friends podcast edition sponsored by asset manager VanEck.
The Fairlead founder and ETF expert noted that Bitcoin was an investment vehicle everyone should have a bite of. She also said she would add more Bitcoin as the premier asset consolidates above its current price.
Furthermore, Stockton implied that Bitcoin would explode as institutional adoption grows. “Imagine if all of the pensions out there or the state funds picked up a little Bitcoin,” she stated.
In the podcast, co-host Michael Batnick shares that Bitcoin is about to break out from a massive cup and handle price patterns in the 1-week timeframe. He confirmed that a break from this structure would spur an explosive uptick to unprecedented highs.
However, Stockton noted that confirmations are necessary before entry. Meanwhile, she stated that bullish fundamentals and technicals profound in the crypto market could drive Bitcoin to new highs, as seen in gold’s early days.
Meanwhile, Bitcoin trades at $81,488, up over 2% in the past 24 hours. The asset’s market cap has surged to $1.6 trillion, accounting for 58% of the entire crypto market valuation.
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