VanEck, a big investment firm, thinks Bitcoin could be worth a whopping $2.9 million per coin by 2050. That’s a crazy increase from its current price of around $65,000.
How Could This Happen?
VanEck analysts say Bitcoin needs to become a major player in the global economy. They imagine a future where Bitcoin is used for 10% of international trade and 5% of domestic trade worldwide.
They also think central banks will start holding Bitcoin, just like they hold other currencies. This would make Bitcoin more valuable and drive up its price.
The Math Behind It
The analysts used a “velocity of money” equation to calculate the potential price. This equation measures how quickly money is used in an economy. They factored in things like global growth, investor demand for Bitcoin, and how often Bitcoin is traded.
It’s Still Just a Prediction
Remember, this is just a prediction. The analysts are saying it’s “conceivable” that Bitcoin could reach this price, but it’s not guaranteed. There are a lot of factors that could affect Bitcoin’s price in the future.
