The post Will Bitcoin Reach $2.9M? VanEck’s 25-Year Forecast Explained appeared first on Coinpedia Fintech News
Asset manager VanEck just dropped a 25-year Bitcoin forecast that has the crypto community talking. The firm projects BTC could hit $2.9 million per coin by 2050, assuming a 15% annual growth rate from today’s prices.
Matthew Sigel, VanEck’s head of digital assets research, and senior analyst Patrick Bush published the outlook on Wednesday. The price target is built on specific assumptions about how Bitcoin fits into the global financial system over the next two decades.
How Does Bitcoin Get to $2.9 Million?
VanEck’s model rests on two big shifts.
First, they expect Bitcoin to settle 5-10% of global international trade and 5% of domestic trade by 2050. To put that in context, the British pound currently handles about 7.4% of international payments. Bitcoin would need to reach similar territory.
Second, the firm projects central banks will hold 2.5% of the
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