VanEck CEO says gold and Bitcoin (BTC) in early stages of new multi-year bull cycles

04/05 08:36

According to DailyHodl, VanEck CEO Jan van Eck says both gold and Bitcoin (BTC) are likely to take off on huge multi-year bull cycles. In a new interview with CNBC, van Eck is forecasting that economic conditions are likely to increase the value of gold and Bitcoin which many investors view as a hedge against depreciating currencies. He says that US banking troubles have already led to increasing value for both assets. And he says that the Federal Reserve will likely have to stop raising interest rates, which they have done to draw down inflation, due to the adverse impacts on the economy.

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