Gijs Van Beek, the CEO of investment firm Van Eck Associates, said in a recent interview that he expects Bitcoin (BTC) to see a new all-time high of approximately $60,000 within the next 12 months. Van Beek’s company specializes in exchange-traded funds (ETFs) and provides a range of products, including gold ETFs. Van Beek said that he believes that Bitcoin has strong potential for growth in the future, and highlighted the digital asset’s strong fundamentals and increasing global recognition as reasons why the price could reach a new high. Van Beek also noted that institutional investors are continuing to show interest in the asset, which could contribute to the Bitcoin price growth in the near future.
When discussing whether or not Bitcoin can reach new all-time highs, Van Beek said that he believes “the only way that won’t happen” is if a catastrophe occurs. According to Van Beek, there are many reasons why Bitcoin is seeing increasing demand, including its growing use as a form of payment, its use in hedging against inflation, its store of value attributes, and its increasing acceptance in the global financial system. Overall, Van Beek said that he believes it is “not a stretch” for the Bitcoin price to hit a new all-time high within the next 12 months.