VanEck Predicts $2.9M Bitcoin Price by 2050 Amid Global Trade Push — Is It Likely?
VanEck forecasts Bitcoin could hit $2.9M by 2050 if it captures 5-10% of global trade, though AI models express strong skepticism.Summary
Investment firm VanEck has issued a highly bullish long-term forecast, predicting Bitcoin's price could reach $2.9 million by 2050. This projection is based on two main assumptions: the 'Settlement Pivot,' where Bitcoin facilitates 5–10% of global international trade, and the 'Reserve Pivot,' where central banks allocate 2.5% of their balance sheets to Bitcoin as a hedge. VanEck's base case implies a 15% compound annual growth rate (CAGR), with a bear case at $130,000 and a bull case at $53.4 million. However, AI models like ChatGPT and Grok view this prediction as highly improbable, citing the massive structural transformation required. The article also contrasts this forecast with other industry predictions, noting bullish views from figures like Tom Lee and Michael Saylor, while also presenting bearish arguments from critics such as Peter Schiff and Mike McGlone, who suggests Bitcoin could fall toward $10,000. In the short term, CCN analysts observe that Bitcoin remains range-bound, consolidating between $85,592 and $93,681.
(Source：CCN)