Crypto Blog
Investment management firm VanEck has outlined a scenario in which bitcoin could reach $2.9 million per coin by 2050.
Under this case, VanEck envisions bitcoin handling 10% of the world’s international trade and 5% of domestic trade by 2050. The firm predicts central banks will hold 2.5% of their assets in BTC, with 85% of BTC effectively removed from circulation as investors seek its store-of-value properties. According to VanEck’s report, the anticipated erosion of trust in current reserve assets will play an important role in bitcoin’s rise. This is based on growing concerns over these currencies, fueled by deficit spending and geopolitical developments.
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