Bitcoin Could Reach Half of Gold’s Market Cap

VanEck CEO Jan van Eck believes Bitcoin may soon reach 50% of gold’s market cap, pushing its price above $400,000. He also called the GENIUS Act a turning point for the US crypto sector.

Bitcoin as the New Digital Gold

Jan van Eck, CEO of asset manager VanEck, shared an optimistic forecast about Bitcoin’s future. In his view, the leading cryptocurrency is evolving into a digital version of gold — one of the most valued assets globally.

Gold is currently priced at $3,414 per ounce, with a market cap of $22.9 trillion. According to van Eck, Bitcoin could reach $11.45 trillion in capitalization, bringing the price per coin to over $400,000. He highlighted that VanEck maintained its support for BTC even during the crypto winter, underlining its long-term faith in the asset.

GENIUS Act Could Transform Wall Street

In addition to market forecasts, van Eck praised the recently proposed GENIUS Act in the US. He described it as one of the most significant banking regulations in American history and a breakthrough for stablecoin oversight.

He believes the law could provide regulatory clarity and allow fintech companies to compete with banks in the payments sector. Although the act may take time to be fully implemented, van Eck is confident it will spark a financial revolution on Wall Street and positively reshape the entire crypto industry.