VanEck Predicts $2.9M Bitcoin Price by 2050 Amid Global Trade Push — Is It Likely?
Investment firm VanEck has released a long-term forecast projecting Bitcoin could reach $2.9 million per coin by 2050, citing potential adoption as a settlement currency for 5–10% of global trade. The prediction is based on two structural pivots: the Settlement Pivot, where Bitcoin facilitates international trade, and the Reserve Pivot, where central banks allocate 2.5% of their balance sheets to Bitcoin as a hedge. VanEck outlines a base case of $2.9 million, a bear case of $130,000, and a bull case of $53.4 million.
However, AI models like ChatGPT and Grok expressed skepticism, calling the prediction overly ambitious and unlikely, citing scalability and adoption challenges. Meanwhile, industry figures like Tom Lee and Michael Saylor maintain bullish long-term targets, while critics like Peter Schiff argue Bitcoin has no future as a medium of exchange or store of value.
Technically, Bitcoin remains range-bound between $85,592 and $93,681, with potential moves toward $102,796 or a drop to $80,633 in the near term.
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