The CEO of investment management firm VanEck says he can\u2019t see a world where Bitcoin (BTC) is overtaken as the leading store of value on the internet.<\/p>\n
\u201cI think it\u2019s impossible for me to imagine some other internet store of value [will] leapfrog Bitcoin,\u201d Jan van Eck said in a Dec. 16 interview with CNBC. <\/p>\n
The CEO \u2014\u00a0 $76.4 billion in assets under management \u2014 also crushed accusations that Bitcoin is in a \u201cbubble,\u201d \u2014 explaining that no asset has ever been in a bubble that continues to outperform itself every market cycle. He added:<\/p>\n
Meanwhile, Van Eck expects Bitcoin to see all-time highs in the next 12 months.<\/p>\n
The VanEck CEO said he and his late father, John van Eck \u2014 who founded the firm in 1955 \u2014 have store of value investing in their \u201cDNA\u201d and that he sees Bitcoin becoming an \u201caccompaniment\u201d to gold.<\/p>\n
VanEck launched the first gold fund in the United States under John van Eck\u2019s leadership in 1968.<\/p>\n
VanEck is one of 13 applicants gunning for an approved spot Bitcoin exchange-traded fund in the United States.<\/p>\n