VanEck CEO Jan van Eck, in his assessment on CNBC’s Power Lunch show, said the recent sell-off in the market was not a coincidence and that investors had started taking positions in anticipation of the upcoming downtrend.
According to Van Eck, Bitcoin will likely perform poorly in 2026, in line with its historical cycle.
Van Eck said they continue to advocate for the inclusion of Bitcoin in wallets, but price cycles should not be ignored. Recalling that the company has declared Bitcoin as a long-term investment vehicle since 2017, Van Eck said: “We have seen Bitcoin experience a negative year after the halving cycle, which occurs every four years. There is a high probability that 2026 will be a similar year.” He added that this is the reason why many investors are selling after the peak seen in October.
Van Eck noted that Bitcoin’s upside during this cycle has been more limited than previous bullish periods, adding that this situation creates expectations that the potential decline could also be more limited. However, he noted that macro-liquidity conditions and on-chain data continue to be decisive in investment decisions.
Van Eck also addressed security and privacy issues currently being debated within the Bitcoin ecosystem. The CEO noted that quantum computing could pose risks to crypto infrastructure in the future, and that’s why some Bitcoin maximalists are interested in projects like Zcash (ZEC), which offer greater privacy. Nonetheless, Van Eck maintained that his thesis on Bitcoin remains strong, saying: “If the fundamental argument fails, we will move away from Bitcoin, but we don’t see that happening at the moment.” »
*This does not constitute investment advice.
