VanEck: In a "hyper-Bitcoinization" scenario, Bitcoin could reach approximately $53.4 million by 2050.

Global asset management firm VanEck, in its latest long-term capital markets outlook, has issued an extremely bullish forecast, predicting that in a "hyper-Bitcoinization" scenario, the price of Bitcoin could rise to approximately $53.4 million by 2050. This scenario assumes that Bitcoin will maintain a compound annual growth rate (CAGR) of approximately 29% over the next 25 years and become a significant settlement and reserve asset globally. VanEck's analysis states that if Bitcoin can cover approximately 20% of international trade settlements and 10% of domestic GDP settlements, its implied value per coin will reach the aforementioned levels, potentially accounting for nearly 30% of global financial assets, a status comparable to or even higher than gold. In a more moderate baseline scenario, VanEck projects a CAGR of approximately 15% for Bitcoin, with a price of approximately $2.9 million in 2050; while in a bearish scenario, the CAGR is only about 2%, corresponding to a price of approximately $130,000. (decrypt)