VanEck predicts BTC could reach $2.9M by 2050

Global asset manager VanEck has projected that BTC could reach $2.9 million by 2050, Crypto Briefing reported. In a recent report, VanEck stated that assuming an average annual return of 15% over the next 25 years, BTC is expected to handle five to 10% of trade settlements and account for 2.5% of central bank reserve assets by that year. The firm suggested that the long-term appreciation in BTC's value will be driven by global currency devaluation and institutional adoption rather than speculative movements. VanEck concluded that the opportunity cost of not holding BTC may now outweigh the volatility risk of holding it.