On April 5th, VanEck CEO Jan van Eck said that both gold and bitcoin prices may soar in a multi-year bull market cycle.
In a recent interview with CNBC, Jan van Eck predicted that economic conditions could boost the price of gold and bitcoin, which many investors see as a hedge against currency debasement. Problems in the U.S. banking sector have led to higher prices for both assets, he said.
The Fed will likely have to stop raising rates due to the adverse effects on the economy. He predicts that once the Fed stops raising rates and starts cutting them, the price of Bitcoin will only soar as more liquidity enters the market.