VanEck CEO: Bitcoin is bottoming out and showing positive signs of recovery
By: rootdata|2026/03/03 09:43:39
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Investment management company VanEck's CEO Jan Van Eck stated in an interview with CNBC, "The crypto market is rebounding today, but it is still down over 50% from the peak last October. Regarding Bitcoin, we know two things: the total supply is limited to 21 million; and the halving cycle, where the block reward for Bitcoin miners is halved every four years.
Bitcoin has an investment cycle: it rises for three consecutive years, and the fourth year usually sees a significant drop. The year 2026 is precisely this fourth year, so we are in a bear market for cryptocurrencies, more specifically for Bitcoin. Therefore, I think there is no need to overcomplicate things. From what I see, I believe we are bottoming out, which is also a very good sign of recovery."
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