VanEck analysts predict bitcoin price by 2050

Investment company VanEck has published a forecast of bitcoin’s value BTC $65,642.27 Bitcoin -0.19% Market capitalization $1.3 trillion VOL. 24 hours $0.59 billion by 2050, taking into account three possible scenarios: baseline, pessimistic, and optimistic.

According to the baseline scenario, the price of the market leader could reach $ 2,910,345. In the case of a pessimistic scenario, the price could drop to $ 130,314, and in the most optimistic scenario, it could rise to $ 52,386,207.

The key factors that will affect the price of the main cryptocurrency will be the level of public debt in the world’s leading economies and the increase in sanctions used by governments to freeze assets. The growth of debt may weaken the value of the US dollar, British pound, and euro, which will lead to an increase in interest in cryptocurrencies and bitcoin in particular.

VanEck also emphasizes the importance of bitcoin’s neutrality, its unchanging monetary policy, and the protection of property rights, which makes it attractive to users looking for an alternative to traditional fiat currencies. Nevertheless, the market leader faces risks, competition from other cryptocurrencies (e.g., Ethereum ETH $2,671.50 Bridged Ether (StarkGate) -1.11% Market capitalization $0.2 billion VOL. 24 hours $0.37 billion or Solana SOL $156.34 Solana -0.89% Market capitalization $73.31 billion VOL. 24 hours $0.25 billion ), scaling issues, and possible legislative bans from governments.