Bitcoin to hit $2.9M by 2050 as it muscles into global trade: VanEck - Source: CoinTelegraph

Bitcoin could reach $2.9 million by 2050 once it becomes a settlement currency for international and domestic trade and makes its way into more central bank reserves, analysts at asset manager VanEck predict.

The $2.9 million price target assumes a 15% compound annual growth rate and Bitcoin settling 5-10% of global international trade and 5% of domestic trade by 2050, according to VanEck head of digital assets research Matthew Sigel and senior investment analyst Patrick Bush.

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