Bitcoin hits new all-time high: How long until $300,000?
Fueled by President-elect Trump’s victory and the stock market’s upward momentum, Bitcoin surpassed $80,000 on Sunday — a new all-time high.
Investors expect the cryptocurrency to reach six-figures sooner rather than later.
VanEck CEO Jan van Eck, in a TV appearance, predicted Bitcoin (BTC) could be valued as half of all the gold outstanding.
“I think Bitcoin will hit all-time highs today, and I think it will go further. Ultimately, I think bitcoin’s value will be half of all the gold outstanding, so you’re talking about around $300,000 for Bitcoin.”
Why only half?
Because it’s a “reasonable base assumption,” Van Eck added. Van Eck made the comment when Bitcoin surpassed $77,700 just…
