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The CEO of global investment manager VanEck, Jan van Eck, is reportedly expressing optimism that the Bitcoin price will rise to stratospheric heights.
The VanEck CEO says that the king crypto (Bitcoin) could rally by around 732% from current levels to reach $250,000 per coin, according to a report by business publication Barron’s.
“Investors see it as a complement to gold. That’s the short version. Bitcoin has limited supply; the supply is visible. And it’s very hard, almost impossible, to change that. Bitcoin will go to half the market cap of gold, or $250,000 a Bitcoin, but that could take decades. It’s hard to put a timeframe on it.”
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✔ Bitcoin Technical Analysis:
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🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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