VanEck CEO: Bitcoin is Bottoming Out, Showing Signs of Positive Rebound

BlockBeats News, March 3rd, CEO of investment management company VanEck, Jan Van Eck, stated in an interview with CNBC, "Today the crypto market is rebounding, but it is still down over 50% from its high in October last year. Regarding Bitcoin, we know two things: the total supply is limited to 21 million; and it has a halving cycle, where every four years the block reward for Bitcoin miners is halved. Bitcoin has an investment cycle: three consecutive years of growth, followed by a significant drop in the fourth year. 2026 is precisely this fourth year, so we are currently in a cryptocurrency, more precisely Bitcoin, bear market. Therefore, I think there is no need to overly complicate. From the current perspective, I believe we are building a bottom, which is also a very positive sign of recovery."