VanEck says Bitcoin could hit $4.8M if it became the global reserve asset
The investment firm made very high valuation for BTC and gold based on the extreme case that either becomes the reserve global currency. American investment firm VanEck believes that Bitcoin has double the upside of gold and could be worth as much as $4.8 million per coin if it becomes the global reserve asset.That’s a big ‘if’ of course, and VanEck thinks the Chinese Yuan is a more likely contender.The lofty assessment for BTC came in a March 30 insights piece written by VanEck’s Head of Active EM Debt Eric Fine and Chief Economist Natalia Gurushina who attempted to compare the price....
Related News
Vaneck, a global asset management firm with $85.5 billion in assets, is releasing 1,000 non-fungible tokens (NFTs) this week. “We’ve designed the Vaneck Community NFT to function like a digital membership card,” said Vaneck.
NFTs by Asset Management Firm
Vaneck, a global asset management firm with approximately $85.5 billion in assets, announced Monday the launch of the Vaneck Community NFT (non-fungible token), which the company described as an innovative way for investors to join the Vaneck crypto community and “the first-ever NFT offered by a....
On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report explained that the investment team “attempted to quantify the emergence of new gold or bitcoin-backed currency regimes.” The study’s calculations estimate that gold could reach $31,000 per ounce and bitcoin could potentially hit $1.3 million per coin. If the assets became M2 monetary supplies, then the values of bitcoin and gold could be much higher.
Vaneck’s Investment....
On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed Vaneck bitcoin ETN provides investors with the opportunity to buy and sell the ETN, and participate directly in the performance of bitcoin without actually purchasing the crypto asset. There’s a new bitcoin (BTC) exchange-traded note available on the exchange Deutsche Böerse Xetra, a marketplace....
The Australian Securities Exchange (ASX), the largest stock exchange in Australia, has recently approved the listing of its first spot Bitcoin exchange-traded fund (ETF). The VanEck Bitcoin ETF (VBTC), which will begin trading on June 20, will be issued by asset management firm VanEck. This approval follows VanEck’s successful launch of the VanEck Bitcoin Trust […]
The exchange-traded fund provider, Vaneck has filed for a Digital Asset ETF, which aims to hold equity in companies that generate revenue from cryptocurrency services. The latest ETF filing is different from the fund Vaneck applied for in mid-December, as it aims to bring investors exposure to the cryptocurrency industry. Last December, the asset manager, and ETF provider Vaneck filed for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This was after the firm launched a bitcoin exchange-traded note called the “Vaneck Vector Bitcoin....