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VanEck: We know the timeframe for bitcoin to reach the $52 million mark

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27.07.2024

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The bearish scenario assumes that the value of the first cryptocurrency will be no more than $130,314 by 2050, said the report's authors, VanEck's head of digital asset research Matthew Siegel and senior investment analyst Patrick Buch.

“There is a possibility that by 2050, the first cryptocurrency in terms of settlement will take a share of 10% of global international trade and 5% of global domestic trade. The baseline scenario means that central banks will hold 2.5% of their funds in bitcoins,” VanEck said.
The analysis is based on monitoring global trade, GDP growth and bitcoin circulation rates. VanEck representatives believe that in the future the influence of national currencies such as the US dollar, Chinese yuan or English pound sterling will weaken due to a variety of economic and fiscal processes. Possible political crises, financial system sagging and active legalization of cryptocurrencies may give additional impetus to BTC growth, VanEck analysts said in their report.
Earlier, Bloomberg experts suggested that the candidate for the American presidency from the Republican Party Donald Trump (Donald Trump) may weaken the U.S. dollar, and this will positively affect the growth of bitcoin value.