Vaneck predicts bitcoin price will reach $2.90 million by 2050
2024-07-29 00:35:34
Asset management firm Vaneck has released a report predicting that by 2050, the price of bitcoin could reach $2.90 million per coin, making it a global medium of exchange and reserve currency. The report suggests that bitcoin can settle 10% of global international trade and 5% of domestic trade, with central banks holding 2.5% of assets in the form of BTC. Scalability challenges are worth watching, but layer 2 solutions could enhance adoption.
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