Jan Van Eck, CEO of Bitcoin ETF Issuer VanEck, Reveals He Personally Holds 'Well Over 30%” in BTC

During the 2024 Bitcoin Conference in Nashville, Tennessee, Jan van Eck, CEO of global asset manager and Bitcoin exchange-traded fund (ETF) issuer VanEck

Jan van Eck, CEO of global asset manager and Bitcoin exchange-traded fund (ETF) issuer VanEck, made headlines with his revealing comments about his personal Bitcoin holdings during the 2024 Bitcoin Conference in Nashville, Tennessee.

Van Eck began by sharing his perspective on Bitcoin’s growth and evolution over time, likening it to a “teenager” that is not yet fully formed, as many investor classes have not yet joined the market.

In terms of his investment approach, van Eck noted that he has found that other attendees at Bitcoin conferences tend to hold significantly more Bitcoin in their portfolios.

“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.”

When asked about his portfolio, Jan Van Eck replied that he owns “well over 30%” in Bitcoin, without disclosing the amount in BTC or USD.

This disclosure comes as VanEck recently published a report that outlines a significant bullish long-term price projection for BTC, suggesting that the Bitcoin price could reach a value of $2.9 million per coin by 2050.

According to the report, van Eck’s team believes that Bitcoin’s scalability issues, which have historically hindered widespread adoption, will be resolved through the emergence of advanced Layer-2 (L2) solutions.

By combining Bitcoin’s “immutable property rights and sound money principles” with the increased functionality of Layer 2 technology, the asset manager envisions creating a new, globally accessible financial system.

Under this optimistic scenario, the report suggests that by 2050, Bitcoin could be used to settle 10% of the globe’s international trade and 5% of the world’s domestic trade.

According to the report, this level of adoption could lead to central banks holding 2.5% of their assets in Bitcoin, driving the price of the largest cryptocurrency on the market to a substantial $2.9 million per coin by the year 2050.

The report also estimates that Bitcoin L2 solutions could be worth a total of $7.6 trillion, or approximately 12% of Bitcoin’s total projected value.

“Although it has established itself as an important store of value asset, our projection of its price more than 25 years into the future is predicated on the assumption that increasing numbers of people around the globe use Bitcoin as a medium of exchange.”

At the time of writing, BTC was trading at $67,600, up over 4% in the last 24 hours, after hitting a weekly low of $63,500 on Thursday.

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