Wall Street blockchain company VanEck CEO cites bullish Bitcoin quotes to ensure the upward trend continues

VanEck CEO Jan Van Eck cited three comments from Friday’s episode of “The Compound and Friends” podcast to highlight the bullish sentiment for Bitcoin.
As Bitcoin continues to break out to new price discovery, bullish sentiment among cryptocurrency supporters is growing. The premier asset surged to an unprecedented high of $81,800 on Sunday, sparking a broader market explosion.
Amid these upward trends, VanEck CEO Jan Van Eck attempted to spread further bullish sentiment in the market. In a Nov. 10 post, he cited three comments from a podcast explaining that the pioneering asset has more upside from its current highs.
Bullish Bitcoin quotes
Van Eck shared a podcast episode of The Compound and Friends hosted by Josh Brown, CEO of Ritholtz Wealth. During the show, Brown, who was described by Van Eck as an important voice among RIAs, highlighted the bullish sentiment for Bitcoin, noting on Friday’s show that the pioneering crypto asset is one that every market investor should be paying attention to.
The Ritholtz CEO says Bitcoin can no longer be ignored, insisting it will surpass $100,000 per coin. Brown noted that when panic buying of Bitcoin kicks in at six-figure prices, the asset will surge further to $110,000.
Additionally, Brown pointed out that the U.S. Treasury’s speculation on Bitcoin has a huge impact on it. He believes that if the United States stores the largest cryptocurrency by market value as a strategic reserve, it will attract central banks in other countries and promote mainstream adoption.
Meanwhile, Van Eck, who predicts Bitcoin will surge to $300,000, cited another quote from Katie Stockton, founder and partner at Fairlead Strategies. Notably, she was a guest on The Compound and Friends podcast, sponsored by asset management firm VanEck.
Fairlead’s founder and ETF expert noted that Bitcoin is a tool that everyone should invest in. She also said she will add more Bitcoin as the premier asset stabilizes above its current price.
Additionally, Stockton hinted that Bitcoin will explode as institutional adoption grows. “Imagine if all the pension funds or state funds held a little bit of Bitcoin,” she said.
Bitcoin is about to break out from the cup-with-handle pattern
During the podcast, co-host Michael Batnick said Bitcoin is about to break out from a large cup-with-handle price pattern on the 1-week timeframe. He confirmed that a breakout from this structure would fuel Bitcoin’s explosive ascent to all-time highs.
However, Stockton noted that confirmation is required to gain entry. At the same time, she noted that bullish fundamentals and technicals in the crypto market could drive Bitcoin to new highs, just as gold did in its early days.
Meanwhile, Bitcoin is trading at $81,488, having gained more than 2% in the past 24 hours. The asset’s market cap has surged to $1.6 trillion, accounting for 58% of the entire crypto market’s valuation.
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