Bitcoin Hits $100K: What’s Next for Crypto? 👀
In VanEck’s mid-December Bitcoin ChainCheck, Bitcoin’s remarkable rally past $100K and its broader implications are discussed. Key highlights include Bitcoin’s potential to reach $180K by 2025, significant adoption milestones like #MicroStrategy ’s Nasdaq-100 inclusion, and the U.S. considering a national Bitcoin reserve under the incoming administration. The analysis further explores an “altcoin season,” marked by Bitcoin’s declining market dominance.
#VanEck also explores a hypothetical scenario where the U.S. Treasury accumulates 1 million Bitcoin over five years at a starting price of $200K. If Bitcoin compounds at 25% annually, its value could rise to $42M per coin by 2050, making the reserve worth 36% of U.S. #debt . Even with a 15% growth rate, the reserve would hold significant value, underscoring Bitcoin’s potential as a global financial asset.
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