VanEck Predicts Bitcoin Could Reach $2.9 Million In New Long-Term Capital Report

According to an ambitious research study published by asset manager and cryptocurrency exchange-traded fund (ETF) issuer VanEck, Bitcoin (BTC) could potentially reach a staggering price of $2.9 million per coin by 2050.  The insights come from Matthew Sigel, the firm’s Head of Digital Assets Research, and Senior Investment Analyst Patrick Bush, who have employed a valuation framework based on Bitcoin’s role in two primary total addressable markets: as a medium of exchange (MoE) and as a reserve asset for central banks. VanEck Projects 15% CAGR For Bitcoin In their analysis, Sigel and Bush project a 15% compound annual growth rate (CAGR) from Bitcoin’s current levels, which would position the cryptocurrency as a significant player in the global economy.  Related Readi...