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VanEck Sees Bitcoinx Hitting $2.9M by 2050 – but a Lot Has to Happen First Bitcoinx is benefiting from massive economic imbalances, rising distrust in institutions, fiscal recklessness and mounting debt burden, VanEck's Matthew Sigel said in an interview. By 2050, Bitcoinx may settle 10% of international trade and 5% of local trade gain with central banks' holding it as a reserve asset, asset manager VanEck said in a report.

Bitcoinx layer-2 networks will play a key role to overcome scaling issues and allow BTC to be used as a medium of exchange, the firm said.

There are risks for bitcoin's growth, including rising power demand, concerted government crackdowns and competition with other digital assets, the report said. Coindesk

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