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.