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During a recent appearance on&nbsp;<a href="https://www.foxbusiness.com/video/6359762199112" rel="noopener noreferrer nofollow">Fox Business</a>, VanEck CEO Jan van Eck predicted that the price of Bitcoin could surge to $350,000.&nbsp;
How did Van Eck arrive at this target? At the aforementioned price level, Bitcoin would be able to reach half of gold's entire market cap.&nbsp;&nbsp;
In the long run, Bitcoin could surge to as high as $2.9 million, according to the executive.&nbsp;
He has added that there is "no doubt" that Bitcoin is currently being adopted the way gold is. "I just think it's obvious," he added.&nbsp;
Van Eck has added that investors are supposed to have their own diversified portfolios.
Earlier this year, Blockstream CEO Adam Back forecasted that the leading cryptocurrency could end up reaching $700,000. In this case, it would capture gold's entire market cap.&nbsp;
The market cap of gold currently stands at a whopping $16.8 trillion. The yellow metal recently reached a new all-time high at $2,500.&nbsp;
Meanwhile, Bitcoin recently came under renewed selling pressure, plunging below the $63,000 level once again. It is 14.8% away from the all-time high that was achieved in March. However, Van Eck recently&nbsp;<a href="https://www.youtube.com/watch?v=ewfuRMpyJJA" rel="noopener noreferrer nofollow">stated</a> that such crypto corrections are normal for such volatile assets.&nbsp;&nbsp;&nbsp;
Cryptocurrency naysayer Peter Schiff recently&nbsp;<a href="https://u.today/schiff-predicts-bitcoin-price-will-keep-falling-for-several-years" rel="noopener noreferrer nofollow">predicted</a> that Bitcoin would start underperforming gold over the next two years.&nbsp;
<h2 id="vaneck-s-crypto-etf-launches">VanEck's crypto ETF launches</h2>
As&nbsp;<a href="https://u.today/ethereum-etf-marks-historic-shift-says-vaneck-ceo" rel="noopener noreferrer nofollow">reported by U.Today</a>, the VanEck boss described the approval of Ethereum ETFs as a historic shift in June. It became one of the companies that were finally able to launch these products in July.&nbsp;&nbsp;
In late June, VanEck also submitted a proposal to launch a spot-based Solana exchange-traded fund.&nbsp;

Bitcoin Price Predicted to Reach $350,000 by VanEck CEO

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