VanEck Predicts Bitcoin Price Could Reach $2.9 Million By 2050

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Asset manager VanEck, an issuer of spot bitcoin (BTC) and ether (ETH) ETFs, says that BTC’s price may reach $2.9 million by 2050, assuming some high hurdles are cleared. Mathew Siegel stated that Bitcoin is the ultimate hedge against rising fiscal recklessness. If VanEck’s predictions come to pass, bitcoin’s price will increase in value by 44 times, gaining 16% annually from its current price of just below $65,000. Its market capitalization would soar to $61 trillion. VanEck also warned about potential risks ahead that could stifle Bitcoin’s expansion.

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VanEck Predicts Bitcoin Price Could Reach $2.9 Million By 2050

Author: Nidhi Kolhapur
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Jul 26, 2024 17:25

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VanEck Predicts Bitcoin Price Could Reach $2.9 Million By 2050

Author: Nidhi KolhapurNidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. Jul 26, 2024 17:25

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Author: Nidhi Kolhapur
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Jul 26, 2024 17:25