Bitcoin to $52.38 Million? VanEck’s Bold Price Prediction for 2050
The BTC/USD is trading with a slight bullish bias at $66,274, reflecting a nearly 0.75% surge, signifying the potential for a bullish Bitcoin price prediction.
According to the report published by Vaneck, Bitcoin (BTC) could become a key global medium of exchange and a significant reserve currency by 2050.
This potential stems from the anticipated decline in trust in current reserve assets and the resolution of Bitcoin’s scalability issues through emerging Layer-2 (L2) solutions. These developments could help create a global financial system that better meets the needs of developing economies.
It is plausible that Bitcoin could be used to settle 10% of global international trade and 5% of domestic trade by 2050. This scenario would lead to central banks holding 2.5% of their assets in BTC.
Based on global growth projections and Bitcoin’s demand, a potential price of $2.9M per Bitcoin is suggested, resulting in a market cap of $61 trillion.
Additionally, Bitcoin L2 solutions could collectively be valued at $7.6 trillion, approximately 12% of BTC’s total value.
The current trends in the International Monetary System (IMS) favor Bitcoin’s rise as traditional reserve currencies decline. The relative global GDP of economic leaders like the U.S., EU, UK, and Japan is expected to fall, diminishing confidence in their currencies as long-term value stores.
Concerns about property rights in Western monetary systems, particularly in the U.S., are growing, driving businesses and consumers towards Bitcoin as a neutral medium of exchange with immutable property rights and predictable monetary policy.
As the international monetary system shifts, Bitcoin’s role could expand significantly. If it becomes widely adopted for international trade
