VANECK PREDICTS BITCOIN COULD REACH $2.9 MILLION IN NEW LONG-TERM CAPITAL REPORT
https://www.tradingview.com/x/0SsmQ9dv/
✍️ A research study by VanEck predicts that Bitcoin could reach a price of $2.9 million per coin by 2050, driven by its potential role in global trade and central banks' allocation of resources.
👉 Bitcoin could reach a price of $2.9 million per coin by 2050 👉 15% compound annual growth rate (CAGR) projected 👉 Two primary total addressable markets: medium of exchange (MoE) and reserve asset for central banks 👉 Optimistic scenario: "hyper-bitcoinization" with a price of $53.4 million per coin 👉 Persistent negative correlation with the US Dollar (DXY)
-- #MatthewSigel #PatrickBush #technology
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