🚨 VanEck publishes its predictions for the price of bitcoin in 2050:
Bearish scenario = $130 ,000
Base case = $2 ,910,000
Bullish scenario = $52 ,386,000
By 2050, #Bitcoin could represent 10% of international trade and 5% of local trade gain with central banks holding it as a reserve asset.
Risks to Bitcoin's growth are:
🔹 The growing demand for energy
🔹 Concerted government repressions
🔹 Competition with other digital assets.
"We believe many of these distortions stem from a massive misallocation of capital since the global financial crisis as G7 governments overused the printing press, spending borrowed money on impossible goals.
Bitcoin...is the ultimate hedge against this growing fiscal recklessness"
says Matthew Sigel, head of digital asset research at Van Eck.
Bearish scenario = $130 ,000
Base case = $2 ,910,000
Bullish scenario = $52 ,386,000
By 2050, #Bitcoin could represent 10% of international trade and 5% of local trade gain with central banks holding it as a reserve asset.
Risks to Bitcoin's growth are:
🔹 The growing demand for energy
🔹 Concerted government repressions
🔹 Competition with other digital assets.
"We believe many of these distortions stem from a massive misallocation of capital since the global financial crisis as G7 governments overused the printing press, spending borrowed money on impossible goals.
Bitcoin...is the ultimate hedge against this growing fiscal recklessness"
says Matthew Sigel, head of digital asset research at Van Eck.
15 days ago
