Bitcoin (BTC) reclaimed the $68,000 price level on Friday following asset manager VanEck founder Jan VanEck's disclosure of his high BTC concentration portfolio at the Nashville Conference.
Jan VanEck spoke at the Bitcoin Conference, sharing his belief in the Bitcoin super bull cycle and revealing large BTC holdings. Michigan Retirement System revealed a $6 million holding inARK21Shares Bitcoin ETF. Bitcoin is up nearly 4% in the past 24 hours. Bitcoin reclaimed the $68,000 price level on Friday following asset manager VanEck founder Jan VanEck's disclosure of his high BTC concentration portfolio at the Nashville Conference.
The toughest allocation question I have, and I know a lot of individuals think about this as well, is that why should I be selling bitcoin if I believe in the super bull case? said Jan VanEck. The report by the firm on Wednesday predicted Bitcoin's price reaching $2.9 million by 2050 in a scenario where it is adopted as a reserve asset globally. Jan VanEck's speech adds to the general belief in Bitcoin among traditional investors.
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