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.
Can i know the link regarding on this news? Its really good to know that a big investor on gold market decides now to jump into bitcoin world and i really agree on what he said bitcoin does really have lots of potential. We are still young and there are still lot of years to pass for us to improve even more.This kind of news would really help for bitcoins price to rise up somehow.