Bitcoin to hit $2.9M by 2050 as it muscles into global trade: VanEck
According to a report by investment firm VanEck, Bitcoin is projected to reach $2.9 million by 2050 as it increasingly integrates into global trade. The analysis suggests that Bitcoin's adoption as a medium of exchange and store of value will drive its price significantly higher. Factors contributing to this growth include rising institutional interest and the potential for Bitcoin to serve as a hedge against inflation. VanEck emphasizes the importance of regulatory clarity and technological advancements in supporting Bitcoin's future trajectory.
Read the full article: Coin Telegraph