VanEck CEO has predicted that Bitcoin could see a steady climb from its recent downturn, saying the price is already close to its bottom. This projection comes after its pump on Monday, and its BTC ETFs recording $485 million in inflows.
Bitcoin Eyes Steady 2026 Rally, VanEck CEO Says
In an interview with CNBC, Jan Van Eck said his firm believes the coin will gradually start rising this year, stating that the only driver of the price over the last few months has been the four-year halving cycle, and it hasn’t had anything to do with the fundamentals of BTC.
“There’s been an investing cycle, Bitcoin goes up three years in a row, goes down pretty massively in that fourth year. 2026 is that fourth year. So that’s why we are in a Bitcoin bear market. So I think we can overcomplicate it. Now I think we are making a bottom,” he said.
Many institutions and experts had dismissed the four-year cycle narrative, stating that the current market trends do not follow that narrative. For instance, at the end of last year, Grayscale said Bitcoin might be on course to trade at new all-time highs in the year 2026. At the time, the firm also reiterated that they do not believe in the idea of the coin’s four-year boom-and-bust cycle.
This cycle has been a hot topic of debate for the last year, with crypto analysts divided on the applicability of the chart pattern. This, of course, is keeping in mind the level of institutional adoption that the crypto space has reached, for example, the progress of the crypto market bill.
BTC ETFs Record Strong $458M Inflows
According to SoSoValue data, Bitcoin ETFs had $458.2 million in net inflows on Monday, with the largest amount going to BlackRock’s IBIT at $263.2 million. Other funds experienced inflows but not outflows on that day.
The funds have been experiencing outflows over the last few months due to the rising volatility and the drop in prices. The total outflows for January and February were above $1.8 billion.
These Bitcoin inflows have come at a time when geopolitical tensions are rising after air strikes were launched by the United States and Israel in Iran. Since then, Iran has been retaliating against both countries, saying that it is not backing down.
The price of the token also went up yesterday, rising above $70,000. This has given rise to bullish sentiments after experts and investors remain hopeful that the price will go back to its previous highs.