Bitcoin could hit $350k per coin if it hit a half of gold's total market cap, according to VanEck CEO projection.
Jan Van Eck, CEO of $107 billion asset manager VanEck, sees Bitcoin hitting $350k as quantitative easing begins amongst major central banks., the CEO said the price target could be hit if the digital asset attains half of gold’s market cap.
On an extreme stretch, Van Eck projected that BTC could hit $2.9M by 2050 if central banks adopt BTC and it becomes part of the monetary system. On the other hand, gold was at the top position with a $16.8 trillion market cap. That means the gold market cap was 13X more than BTC. ‘The longest-term chart indicates that BTC could advance to 150+; I believe in owning both Gold and Bitcoin.’For perspective, the BTCGLD ratio tracks BTC’s relative performance in gold terms. The ratio has risen higher since 2023, hitting 26.Based on Brandt’s chart, a drop to the range-low of the BTCGLD ratio of 15 would mean gold outperforming BTC, as it has in the past few weeks.
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