VanEck: BTC could reach $53.4M by 2050 under hyperbitcoinization scenario

Global asset manager VanEck has presented a highly bullish forecast for Bitcoin, suggesting it could reach as high as $53.4 million by 2050, according to Decrypt. This prediction is based on a hyperbitcoinization scenario where Bitcoin accounts for 20% of international trade and 10% of U.S. GDP. In such a case, VanEck's analysis suggests BTC would establish itself as a global reserve asset on par with or exceeding gold. The firm also projected a base case scenario with a BTC price of $2.9 million by 2050. In a bearish scenario, assuming 2% annual growth, VanEck anticipates the price would reach around $130,000.