Bitcoin to Hit $2.9M by 2050 as it Becomes Global Trade Currency: VanEck
VanEck analysts predict Bitcoin could reach $2.9 million by 2050 by settling 5-10% of global trade.Summary
Asset manager VanEck predicts Bitcoin (BTC) could reach a price of $2.9 million by 2050, driven by its adoption as a settlement currency for international and domestic trade, and inclusion in central bank reserves. This base case scenario assumes a 15% Compound Annual Growth Rate (CAGR) and Bitcoin settling 5-10% of global international trade and 5% of domestic trade. Analysts Matthew Sigel and Patrick Bush state that global liquidity expansion and monetary debasement are the primary drivers, positioning Bitcoin as a long-duration hedge against adverse monetary regime outcomes. Under this projection, central banks would hold 2.5% of their assets in Bitcoin, representing 1.66% of the world’s financial assets. VanEck also outlined a bear scenario ($130,000) and a bull scenario ($52.4 million). If Bitcoin captured a 5-10% share of international trade settlement, its usage would rival that of the British pound today, according to SWIFT data.
(Source：Cointelegraph)