Asset Manager VanEck Predicts Bitcoin To Hit $3M By 2050 And This Is Why It May Not Be An 'Extreme' Estimate
Portfolio Pulse from Aniket Verma
VanEck predicts Bitcoin could reach $3 million by 2050, driven by its potential as a global reserve asset. The firm sees a 16% annual growth rate as reasonable. This aligns with other bullish forecasts, including Standard Chartered's $73,000 target by November 5, 2023.
October 29, 2024 | 5:36 am
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VanEck predicts Bitcoin could reach $3 million by 2050, driven by its potential as a global reserve asset. The firm sees a 16% annual growth rate as reasonable. This aligns with other bullish forecasts, including Standard Chartered's $73,000 target by November 5, 2023.
VanEck's prediction of Bitcoin reaching $3 million by 2050 is based on its potential as a global reserve asset, with a 16% annual growth rate. This aligns with other bullish forecasts, suggesting a positive sentiment in the market. The prediction is supported by factors like political changes and regulatory optimism, which could drive demand.
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