According to Jan van Eck, the CEO of investment management firm VanEck, it is impossible for him to envision any other internet store of value surpassing Bitcoin as the leader. Van Eck highlighted the network effects of Bitcoin, with its 50 million users, which solidify its position as the top store of value. He dismissed claims that Bitcoin is in a bubble, pointing out that no asset that continues to outperform itself in every market cycle can be considered as such. Van Eck expressed his belief that Bitcoin is maturing and stated that he expects it to reach new all-time highs within the next year. He also mentioned his family's long-standing involvement in store of value investing and how he sees Bitcoin as complementing gold. VanEck is one of the applicants vying for approval of a spot Bitcoin exchange-traded fund (ETF) in the US, and the CEO anticipates all spot Bitcoin ETF applications to be approved on the same day. The SEC is expected to make a decision on pending spot Bitcoin ETF applications between January 5 and 10. Read more AI-generated news on: https://app.chaingpt.org/news

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