Is a $2.9 Million Bitcoin Possible? VanEck’s New Capital Report Says Yes

Bitcoin price in 2050
Table of Contents

Recently, VanEck, through analysts Matthew Sigel and Patrick Bush, published a report estimating that the Bitcoin price in 2050 could reach $2.9 million. They claim this valuation is based on a 15% compound annual growth rate, driven by the cryptocurrency’s transformation into a global medium of exchange and a fundamental reserve asset for central banks.

This hypothetical scenario responds to a structural shift called the “Reserve Pivot,” where the loss of confidence in G7 sovereign debt would force financial institutions to seek refuge in decentralized assets. The firm suggests that if “hyper-bitcoinization” occurs, the Bitcoin price in 2050 could even escalate to $53.4 million, surpassing gold as the primary pillar of the international financial system and store of value.

Looking ahead, analysts should monitor the cryptocurrency’s negative correlation with the US Dollar and its capacity to settle international trade. While the base projection is ambitious, VanEck also proposes a bearish scenario of $130,000, emphasizing that the evolution of the Bitcoin price in 2050 will strictly depend on its institutional adoption in the face of global monetary debasement.


Source:https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vaneck-bitcoin-long-term-capital-market-assumptions/


Disclaimer: Crypto Economy Flash News is prepared from official and public sources verified by our editorial team. Its purpose is to quickly inform about relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We recommend always verifying the official channels of each project before making related decisions.

RELATED POSTS

Ads

Follow us on Social Networks

Crypto Tutorials

Crypto Reviews