Van Eck Raises Concerns About Bitcoin’s Security Amidst Crypto Market Volatility

VanEck CEO Jan van Eck challenged the long-term security and privacy of Bitcoin during a recent appearance on CNBC’s Power Lunch, sparking debate within the crypto community. Van Eck emphasized that the company’s decision to invest in Bitcoin is driven by its underlying technology, suggesting he would exit if those foundations falter. He highlighted the potential vulnerability of Bitcoin’s cryptography to advancements in quantum computing, while also noting the increasing demand for privacy in the ecosystem.