VanEck CEO Jan van Eck says that Bitcoin’s price is near its lowest point, and is pointing out the ending of a four-year cycle.
van Eck was interviewed by CNBC in an interview on Monday. said Bitcoin is expected by his company (BTCThe price of BTC has been driven by the 4-year cycle of halving, rather than anything relating to BTC fundamentals, over the last few months.
“Our view coming into 2026 is that Bitcoin is governed by […] limited supply at 21 million, and the halving cycle where the Bitcoin miners who run the network get paid half the number of Bitcoin every four years,” He said adding:
“There’s been an investing cycle, Bitcoin goes up three years in a row, goes down pretty massively in that fourth year. 2026 is that fourth year. So that’s why we are in a Bitcoin bear market. So I think we can overcomplicate it. Now I think we are making a bottom.”
Crypto analysts have been divided over whether or not the four-year cycle is still relevant today, given the maturity of the crypto market and the institutional adoption.
Arguments against the cycle The weaker USD, macro demand, and regulatory changes are all positive developments.
Jan van Eck made his comments as BTC’s price has risen 2.6% in the last 24 hours, trading at $68400, while it is down 7.6% for the seven-day period, according to CoinGecko data.
Related: Bitcoin slide slowing, but bear market still in play: Analysts
Crypto pump coincides with increasing geopolitical tensions after United States and Israel launched air strikes against Iran. This prompted Iran’s response to Israel by launching strikes.
Van Eck believes that Bitcoins recent rise may have been partly due to the recovery of Bitcoin. sparked by the conflictIn times of economic instability, crypto payment rails are a great way to transfer funds out of the banks.
“When one thinks forward to some sort of solution with Iran, how are you gonna move money around? And I do think it’s a very, very crypto-friendly region, UAE, Dubai, everything,” He said adding:
“So it could be that if we wanted to move money to good actors, we would wanna use crypto payment rails as opposed to going through decrepit Iranian banks that we don’t control.”
Magazine: Would Bitcoin really be at $200K if not for Jane Street? Trade Secrets
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
