The CEO of a $100 Billion Asset Management Company Thinks Bitcoin Could Go to $400,000. Here's What You Need to Know

On Aug. 30, Jan van Eck, the chief executive officer of VanEck, a major investment management company, said that if Bitcoin (CRYPTO: BTC) gets to be priced at just half the total value of gold, it would reach $400,000. At the same time, he made it clear that he considers the coin a scarce asset that's essentially digital gold, and that he thinks there's going to be a consistent demand for it, making that outcome highly plausible.In other words, if supply keeps tightening while larger and steadier buyers keep showing up, the path of least resistance is up. Here's what else you need to know about van Eck's perspective and why you should take his opinion on this topic (very) seriously.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool