Major Gold investor is entering Bitcoin market

[tyz]

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

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[wearepoor]

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Agreed with you, there has been incredible potential in the bitcoins if we talk about the future growth. Bitcoin is still young in the markets, it is less than decade old and it is already performing really good. It is a very good news that global leaders in the markets are backing bitcoins; it will attract more people to adapt the bitcoins.

[CARrency]

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Wow, someone wants to give a big wave effect on bitcoin.I guess many investors will follow since he is another big fish with a lot of followers. Another pump is coming, but the threat of dump is always close to atttack.

[swissguy]

i personally feels bit more risk in holding bitcoins as compare to gold. Gold is stable from years but on the other hand bitcoin has changed its prices by a reduction % of more then 70 so according to me its not a good idea for those who are looking to hold their money in form of bitcoins rather then gold.

[Nivir]

This may have a big effect on bitcoin if ever he joins the market. Bitcoin may have a big impact on the investors because some are starting to invest and most investors are big people.

[Saidmod]

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

That was a very big news for bitcoins as it may declare a big demand in price if VanEck invested a big amount of money on it. Precious metals are still good going and it is more valuable and have a good price right now.
Every single business person when they know the bitcoins they will don't hesitate to put a money on it.

[Yuhee]

i personally feels bit more risk in holding bitcoins as compare to gold. Gold is stable from years but on the other hand bitcoin has changed its prices by a reduction % of more then 70 so according to me its not a good idea for those who are looking to hold their money in form of bitcoins rather then gold.

Well he is rich so i dont think that he has problem with those. He can have the budget to really safeguard whatever he will invest in btc. We can see how btc is successful in another year. And i bet he is already starting to mine btc and not just gold. But really are profitable so i guess there is no harm for him to risk in btc especially with that kind of networth.

[Cherylstar86]

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

That was a very big news for bitcoins as it may declare a big demand in price if VanEck invested a big amount of money on it. Precious metals are still good going and it is more valuable and have a good price right now.
Every single business person when they know the bitcoins they will don't hesitate to put a money on it.

Well it's a better diversions of assets from physical to digital and it really brought wider market of bitcoins all over the world. The demand took a lot of interest form people who gained massive influence as it come to a point that bitcoin's value defeated Gold so far, so more business minded people choose bitcoin as their primary investment nowadays. As we all know Gold is very popular at mid 80's but the price declined due to supply and demand loses because of lot's of alternatives like synthetic materials, mainly silver and bronze.

[amaral1977]

The big players are begining to notice. for a small fish like me that could mean some financial independence from a  relatively small amount of BTC:) let it pump!!!

[romecheo]

This could lead to another big waves for Bitcoin, if those giant gold investor are now entering to Bitcoin, more will surely follows.

[Zadicar]

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Can i know the link regarding on this news? Its really good to know that a big investor on gold market decides now to jump into bitcoin world and i really agree on what he said bitcoin does really have lots of potential. We are still young and there are still lot of years to pass for us to improve even more.This kind of news would really help for bitcoins price to rise up somehow.

[Dontme]

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Yeah! There is great potential in the Bitcoin market. If VanEck believes it, it is because he already know what bitcoin really is in the coming future. He knows already that there are tendency that bitcoin become the main currency entire the world. Nothing to worry because that was the future of bitcoin. If one Business man enters a new business I'm sure that business will shine because there is one thing I know a business man and investor like VanEck can predict one business if it will be successful. They are investors, a business man and they already knows the pattern of business. So, I'm sure if they are entering Bitcoin now it is because Bitcoin will Shine as Diamond in the coming future.

[Eugenar]

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Absolutely true. Bitcoin is catching the eyes of other investors because it is now more profitable. It became more of a good investment because of its high market demand and market value. VanEck is a huge company and wants to earn profit surely on investment. They are speculating the future of Bitcoin to be a better investment that will give all of its investors, high returns with less risk if the demand on Bitcoin will continue rising.

[machinek20]

Who will be able to resist btcoin profit growth, it is faster than any investment in this world and the value is never dropping, if I am a rich man I will put my investment into bitcoin, it only need 2 year from 300$ to 4500$, and the best part is, bitcoin price still rising

[FansUnite]

Good post - the more mainstream adoption and embodiment of bitcoin, crypto, and blockchain, the better. VanEck company also had some negative statements regarding bitcoin, but it is still such an early stage in bitcoin that we don't know the long-term potential for bitcoin's place relative to gold and currency. Though I keep talking about some fundamental attributes that make a case for bitcoin being superior to gold, the fact that gold has been around for a long time is a huge benefit for gold.

But VanEck entering the market is great - more of this is certainly welcome!!

[iluvpie60]

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

This is great news!

The more we get investors involved into bitcoin trading, the more stable it should become(less volatile).

When more people come into the market that are willing to buy and hold, we will start to see amore steady market and price climb. That is the deflationary aspect of BTC that kicks in once enough people start using it and or holding.

We are looking good!

[iamTom123]

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

There are news that many gold investors (as well as those in stocks) are now lining up to show their support for Bitcoin by joining the cryptocurrency bandwagon expecting that Bitcoin is now the new safe haven in digital form. I am sure that more and more gold investors would be persuaded to also join the Bitcoin ecosystem as they are now realizing that Bitcoin is much better than gold in terms of return-of-investment. This is just the start of something really beautiful and golden with Bitcoin.

[The Sceptical Chymist]

The big players are begining to notice. for a small fish like me that could mean some financial independence from a  relatively small amount of BTC:) let it pump!!!

It's good for the price, yes, but I'm a bit concerned about how high bitcoin has gotten the past few months.   I'm worried about a crash actually.   But we'll see.  I do think it's good to get old school,  hard-money people in on crypto, and I'm definitely seeing that a lot lately.   They can both coexist nicely.  However,  I'm using some of my bitcoin to buy silver just in case.

[eternalgloom]

I wonder how much of their investment budget they will put into Bitcoin.
This could really mean a huge push forward for Bitcoin, but I also think that Bitcoin will become even more volatile than it is now.

The use of Bitcoin as a currency is becoming less and less likely for the future. But hey, I'm not complaining.

[Koadharber]

I wonder how much of their investment budget they will put into Bitcoin.
This could really mean a huge push forward for Bitcoin, but I also think that Bitcoin will become even more volatile than it is now.

The use of Bitcoin as a currency is becoming less and less likely for the future. But hey, I'm not complaining.

It would really makes the price volatile for sure knowing there would be active trade off when big players did already join the pack but thinking off that this isnt should be the way on which bitcoin should be treated.Seems like its just like a pool for those who do like to make even more money. Adoption is good but having these kind off add up on rich people would really affect.I think he would put 2 Billion on bitcoin.