Asset management firm Vaneck has predicted that Bitcoin could reach a staggering value of $2.9 million per coin by 2050. The report, titled “Bitcoin 2050 Valuation Scenarios: Global Medium of Exchange and Reserve Asset,” offers an in-depth analysis of Bitcoin’s potential to become a dominant global currency.
Bitcoin as a Global Medium of Exchange
Vaneck’s digital assets research team, led by Matthew Sigel, Head of Digital Assets Research, and Patrick Bush, Senior Investment Analyst, outlines a vision where Bitcoin solidifies its role as a key international medium of exchange.·
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