VanEck Projects Bitcoin to Become Global Reserve Asset Worth $3 Million by 2050

Nov 3, 2024, 03:33 PM

VanEck's Head of Digital Assets Research has projected that Bitcoin will become a global reserve asset by 2050, with a price target of $3,000,000 per coin. The firm’s model assumes that central banks will hold Bitcoin at a 2% weight, leading to this valuation.