VanEck: Bitcoin price to rise to $ 52.3 million per coin

The analytical company VanEck has made a bold forecast, stating that by 2050, the price of one bitcoin BTC $96,064.69 Bitcoin -1.23% Market capitalization $1.9 trillion VOL. 24 hours $2.38 billion could reach $ 52.38 million. According to the analytical tracker CoinMarketCap, at the time of writing on July 26, the market leader is trading at $ 66,963 with a market capitalization of $ 1.3 trillion, an increase of 4.3%. Traders made daily trading deals worth $ 35.3 billion. Bitcoin’s market share increased to 55.2%.

According to VanEck, Bitcoin could become a key global currency and a significant reserve asset by 2050. The potential of the coin is based on the decline in confidence in current reserve assets and the solution of the Bitcoin network scalability problems through new Layer-2 (L2) solutions.

It is predicted that the Bitcoin blockchain will be able to process 10% of international trade and 5% of domestic trade by 2050. This will lead to central banks holding 2.5% of their assets in BTC. Based on global growth and demand for bitcoin, the potential price could be $ 2.9 million per BTC, with a market capitalization of $ 61 trillion. Additionally, Bitcoin L2 solutions can be valued at $ 7.6 trillion, which is approximately 12% of the total value of BTC.

Changes in the international monetary system could significantly expand the role of Bitcoin. If it is widely accepted for international trade and as a reserve asset for central banks, its price could rise to $ 2.9 million by 2050. This will increase the utility of bitcoin and increase demand, making it the backbone of the global financial system. However, these forecasts depend on solving scalability problems and preserving the basic principles of Bitcoin that ensure its stability and trust.