Asset manager VanEck explains how one bitcoin could be worth $2.9 million by 2050
VanEck, an asset management firm, has projected that the value of one bitcoin could reach $2.9 million by 2050. This estimate is based on the assumption that bitcoin will capture a significant portion of the global store of value market, which is currently dominated by assets like gold. The firm highlights the increasing adoption of bitcoin as a digital asset and its potential to serve as a hedge against inflation. Additionally, VanEck emphasizes the limited supply of bitcoin, which could drive its value higher as demand increases over time.
Read the full article: CoinDesk