In a recent interview, VanEck, a long-established asset management company in New York, said that the team has a long-term model predicting:
By 2050, Bitcoin will become a global reserve asset, held by central banks at a ratio of about 2%, and used for international trade settlement.
According to this model, the target price of Bitcoin will reach 3 million US dollars.
VanEck pointed out that although this price sounds extreme, from an annualized growth perspective, it only means an annual growth rate of 16% in the next few decades, which is actually "not an exaggeration at all."
As one of the earliest Wall Street institutions to deploy crypto ETFs, VanEck depicts a new global financial landscape in which "Bitcoin replaces gold" from a macro perspective.
