{"id":631737,"date":"2024-07-26T13:00:27","date_gmt":"2024-07-26T13:00:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=631737"},"modified":"2024-07-26T12:14:29","modified_gmt":"2024-07-26T12:14:29","slug":"vaneck-52-4-million-bitcoin","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/vaneck-52-4-million-bitcoin\/","title":{"rendered":"VacEck Places $52.4 Million Price Tag On Bitcoin, But How Is This Possible?"},"content":{"rendered":"

American investment management firm <\/span>VanEck<\/span><\/a> has set an astonishing <\/span>price target for Bitcoin (BTC),<\/span><\/a> the world’s largest cryptocurrency. This forecast, which seems almost inconceivably high compared to most <\/span>market predictions<\/span><\/a>, has garnered significant attention. Despite the ambitious forecast, VanEck\u2019s research team has presented a comprehensive rationale explaining why they believe such a substantial price increase is attainable.\u00a0\u00a0\u00a0<\/span><\/p>\n

VanEck Predicts Bitcoin Valuation For 2050<\/h2>\n

On July 24, VanEck published a <\/span>report<\/span><\/a>, outlining the teams\u2019 assumptions for a <\/span>bull scenario<\/span><\/a> in which BTC could potentially rise to $52.38 million by 2050. Notably, the research team predicted <\/span>Bitcoin\u2019s future price<\/span><\/a> based on three scenarios during a Base, Bear and Bull market.\u00a0<\/span><\/p>\n

Related Reading: Ethereum Whales Rapidly Accumulate ETH Amid Price Decline<\/a><\/div>\n

For the base scenario, VanEck\u2019s team believes that <\/span>Bitcoin could potentially surge<\/span><\/a> as high as $2.9 million by 2050. The analysts have rooted their predictions on the possibility that Bitcoin could be utilized to settle 10% of the globe\u2019s international trade and 5% of the world\u2019s domestic trade.\u00a0\u00a0<\/span><\/p>\n

Under this scenario, <\/span>central banks<\/span><\/a> may hold about 2.5% of their assets in Bitcoin, further increasing its adoption and exposure. VanEck\u2019s team has also attributed their projected surge in BTC’s value to assumptions of anticipated global growth, rising investor demand and <\/span>Bitcoin\u2019s substantial transaction volume<\/span><\/a>.\u00a0<\/span><\/p>\n

The research team estimated Bitcoin\u2019s value for 2050 using a simple velocity of money equation that includes three key factors – GDP of trade settled in Bitcoin, <\/span>supply of circulating Bitcoin<\/span><\/a> and Velocity of Bitcoin in the market. While predicting a bull surge to $52.38 million, VanEck\u2019s analysts assumed that by 2050, Bitcoin will play a <\/span>crucial role in the international monetary system<\/span><\/a>, capturing significant market share from major currencies.<\/span><\/p>\n

Additionally, they expect <\/span>Bitcoin to become widely adopted<\/span><\/a> for international trade, transforming into a major medium of exchange and a <\/span>key store of value<\/span><\/a>. Moreover, VanEck believes that BTC could act as a reserve currency for different countries.\u00a0<\/span><\/p>\n

The team has noted that <\/span>Bitcoin was designed to replace fiat money<\/span><\/a> and could become a reliable and efficient alternative to current monetary systems, which feature \u201ccorruptible human authorities with immutable logic.\u201d\u00a0<\/span><\/p>\n

VanEck\u2019s Bearish Scenario For BTC<\/h2>\n

While the VanEck team estimated an exceptionally <\/span>ambitious price target for Bitcoin<\/span><\/a> in 2050, they also presented a more bearish scenario for the pioneer cryptocurrency. Under less favourable conditions, analysts suggest that Bitcoin could hit a price level of $130,314 by 2050.\u00a0<\/span><\/p>\n

Related Reading: Cardano In The Spotlight: Why The $0.6 Level Is Important To ADA<\/a><\/div>\n

A target of $130,314 over the next 25 years, could be the most bearish scenario for Bitcoin\u2019s value. This contrasts sharply with predictions from analysts at financial firms like <\/span>Standard Chartered<\/span><\/a> and <\/span>Bernstein<\/span><\/a>, who forecast that Bitcoin could surge as high as $150,000 by the end of 2024 and $200,000 by 2025, respectively.\u00a0<\/span><\/p>\n

Despite VanEck\u2019s pessimistic assumption, at press time, <\/span>Bitcoin\u2019s price<\/span><\/a> is trading at $67,101, reflecting a 4.24% increase in the last 24 hours and another 4.78% spike over the past week, according to CoinMarketCap.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC price holds $67,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

American investment management firm VanEck has set an astonishing price target for Bitcoin (BTC), the world’s largest cryptocurrency. This forecast, which seems almost inconceivably high compared to most market predictions, has garnered significant attention. Despite the ambitious forecast, VanEck\u2019s research team has presented a comprehensive rationale explaining why they believe such a substantial price increase is attainable.\u00a0\u00a0\u00a0 VanEck Predicts Bitcoin Valuation For 2050 On July 24, VanEck published a report, outlining the teams\u2019 assumptions for a bull scenario in which BTC could potentially rise to $52.38 million by 2050. Notably, the research team predicted Bitcoin\u2019s future price based on three scenarios during a Base, Bear and Bull market.\u00a0 Related Reading: Ethereum Whales Rapidly Accumulate ETH Amid Price Decline For the base scenario, VanEck\u2019s team believes that Bitcoin could potentially surge as high as $2.9 million by 2050. The analysts have rooted their predictions on the possibility that Bitcoin could be utilized to settle 10% of the globe\u2019s international trade and 5% of the world\u2019s domestic trade.\u00a0\u00a0 Under this scenario, central banks may hold about 2.5% of their assets in Bitcoin, further increasing its adoption and exposure. VanEck\u2019s team has also attributed their projected surge in BTC’s value to assumptions of anticipated global growth, rising investor demand and Bitcoin\u2019s substantial transaction volume.\u00a0 The research team estimated Bitcoin\u2019s value for 2050 using a simple velocity of money equation that includes three key factors – GDP of trade settled in Bitcoin, supply of circulating Bitcoin and Velocity of Bitcoin in the market. While predicting a bull surge to $52.38 million, VanEck\u2019s analysts assumed that by 2050, Bitcoin will play a crucial role in the international monetary system, capturing significant market share from major currencies. Additionally, they expect Bitcoin to become widely adopted for international trade, transforming into a major medium of exchange and a key store of value. Moreover, VanEck believes that BTC could act as a reserve currency for different countries.\u00a0 The team has noted that Bitcoin was designed to replace fiat money and could become a reliable and efficient alternative to current monetary systems, which feature \u201ccorruptible human authorities with immutable logic.\u201d\u00a0 VanEck\u2019s Bearish Scenario For BTC While the VanEck team estimated an exceptionally ambitious price target for Bitcoin in 2050, they also presented a more bearish scenario for the pioneer cryptocurrency. Under less favourable conditions, analysts suggest that Bitcoin could hit a price level of $130,314 by 2050.\u00a0 Related Reading: Cardano In The Spotlight: Why The $0.6 Level Is Important To ADA A target of $130,314 over the next 25 years, could be the most bearish scenario for Bitcoin\u2019s value. This contrasts sharply with predictions from analysts at financial firms like Standard Chartered and Bernstein, who forecast that Bitcoin could surge as high as $150,000 by the end of 2024 and $200,000 by 2025, respectively.\u00a0 Despite VanEck\u2019s pessimistic assumption, at press time, Bitcoin\u2019s price is trading at $67,101, reflecting a 4.24% increase in the last 24 hours and another 4.78% spike over the past week, according to CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":631780,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790,14829,90897],"class_list":["post-631737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-vaneck","tag-vaneck-news"],"acf":[],"yoast_head":"\nVacEck Places $52.4 Million Price Tag On Bitcoin, But How Is This Possible?<\/title>\n<meta name=\"description\" content=\"American investment management firm VanEck has set an astonishing price target for Bitcoin (BTC), the world's largest cryptocurrency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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