VanEck CEO Questions Bitcoin's Security

Van Eck emphasized that many long-standing investors focus not on short-term price fluctuations, but on the fundamental characteristics of the network. Among the key issues, he highlighted the risks associated with quantum computing, blockchain transparency, and the strength of cryptographic protocols. According to him, for some investors, these factors are critical when assessing Bitcoin's viability.

VanEck's CEO added that the company views digital assets with the same criteria as traditional financial instruments. He noted that VanEck is prepared to completely abandon Bitcoin investments if the technology proves unsustainable. "We will abandon Bitcoin if we deem it fundamentally untrustworthy," he stated.

Furthermore, van Eck reported that some early Bitcoin holders are exploring Zcash as a more private alternative. He emphasized that the transparency of Bitcoin transactions may not meet the growing demand for privacy. "All transactions on the Bitcoin network are visible," VanEck CEO explained.

Following the interview, he also noted the impact of the current market cycle: this includes expectations for quantum cryptography, a decline in on-chain activity after the halving, and increased investor interest in privacy coins. Van Eck cited the opinion of VanEck portfolio manager Pranav Kanade, who supports a bear market averaging strategy.

Earlier, Quarkslab experts conducted the first public audit of Bitcoin Core, which marked an important step in assessing the security of the leading cryptocurrency. These events highlight growing concerns among professional investors and analysts about the long-term sustainability of Bitcoin and the need to find alternative solutions to ensure privacy and asset protection.

Thus, while Bitcoin remains the leading cryptocurrency, its fundamental characteristics are raising questions among major market players, which could spur interest in more private digital currencies and new data protection technologies.