American investment management company bitcoin-etf-debut/” rel=”nofollow”>Van Eck Has established an astonishing Target price for bitcoin (btc), the world's largest cryptocurrency. This forecast, which seems almost inconceivably high compared to most bitcoin-spike-12x-to-500000-in-12-months/” rel=”nofollow”>market predictionshas attracted a great deal of attention. Despite the ambitious forecasts, VanEck’s research team has provided a comprehensive rationale explaining why they believe such a substantial price increase is possible.
VanEck predicts bitcoin's valuation by 2050
On July 24, VanEck published a bitcoin-2050-valuation-scenarios-global-medium-of-exchange-and-reserve-asset/” rel=”nofollow”>reportdescribing the teams' assumptions for a bullish scenario in which btc could potentially rise to $52.38 million by 2050. Notably, the research team predicted bitcoin-price-past-halving-cycles/” rel=”nofollow”>The future price of bitcoin Based on three scenarios during a base, bear and bull market.
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For the base scenario, the VanEck team believes that bitcoin-price-500-to-330000/” rel=”nofollow”>bitcoin could potentially increase up to $2.9 trillion by 2050. Analysts have based their predictions on the possibility that bitcoin could be used to settle 10% of the world's international trade and 5% of the world's domestic trade.
In this stage, central banks They may hold around 2.5% of their assets in bitcoin, further increasing its adoption and exposure. The VanEck team has also attributed the projected rise in btc value to assumptions of anticipated global growth, rising investor demand, and bitcoin-transactions-high-active-addresses-collapse/” rel=”nofollow”>The significant volume of bitcoin transactions.
The research team estimated the value of bitcoin by 2050 using a simple velocity of money equation that includes three key factors: the GDP of trade settled in bitcoin, Circulating bitcoin Supply and bitcoin's speed in the market. While they predicted a bullish rise to $52.38 million, VanEck analysts assumed that by 2050, bitcoin will play a role bitcoin-turns-15/” rel=”nofollow”>crucial role in the international monetary systemcapturing a significant market share of major currencies.
In addition, they expect bitcoin will be widely adopted for international trade, becoming an important means of exchange and a bitcoin-unbeatable/” rel=”nofollow”>key value storeFurthermore, VanEck believes btc could act as a reserve currency for different countries.
The team has observed that bitcoin was designed to replace fiat money and could become a reliable and efficient alternative to current monetary systems, which are characterized by “corruptible human authorities with immutable logic.”
VanEck's bearish scenario for btc
While the VanEck team estimated an exceptionally high outcome, bitcoin-analyst-target-200000-spot-etfs-btc-new-era/” rel=”nofollow”>Ambitious price target for bitcoin In 2050, a more bearish scenario also emerged for the pioneering cryptocurrency. Under less favorable conditions, analysts suggest that bitcoin could reach a price level of $130,314 by 2050.
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A target of $130,314 over the next 25 years could be the most pessimistic scenario for bitcoin's value, which contrasts sharply with the predictions of analysts at financial firms such as Chartered standard and Bernsteinwho predicted that bitcoin could hit $150,000 by the end of 2024 and $200,000 by 2025, respectively.
Despite VanEck's pessimistic assumption, at the time of publication, bitcoin-price-july-green-or-red/” rel=”nofollow”>bitcoin Price is trading at $67,101, reflecting a 4.24% increase over the past 24 hours and another 4.78% increase over the past week, according to CoinMarketCap.
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