Bitcoin to hit $2.9M by 2050 as it muscles into global trade: VanEck
VanEck analysts said Bitcoin could handle 5–10% of global trade and make up 2.5% of central bank reserves by 2050, driving its strategic role as a monetary hedge.
Bitcoin could reach $2.9 million by 2050 once it becomes a settlement currency for international and domestic trade and makes its way into more central bank reserves, analysts at asset manager VanEck predict.
The $2.9 million price target assumes a 15% Compounded Annual Growth Rate (CAGR) and Bitcoin (BTC) settling 5-10% of global international trade and 5% of domestic trade by 2050, according to VanEck’s head of digital assets research, Matthew Sigel and senior investment analyst, Patrick Bush.
Global liquidity expansion and monetary debasement would be the primary drivers of Bitcoin’s price rise, they said in a note on Thursday: “Bitcoin is not a tactical trade in this framework; it functions as a long-duration hedge against adverse monetary regime outcomes.”