Forget $150,000, Bitcoin’s Real Target Is $2.9 Million: VanEck

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VanEck released long-term capital market assumptions projecting Bitcoin (CRYPTO: BTC) could reach $2.9 million by 2050 in its base case, implying a 15% compound annual growth rate from current levels near $88,000.

Base Case Built On Settlement And Reserve Adoption

VanEck’s base case assumes Bitcoin will settle 5-10% of global international trade and 5% of domestic trade by 2050, while central banks allocate 2.5% of their balance sheets to Bitcoin as a reserve asset.

The projection represents a structural shift from speculative asset to institutional monetary instrument.

VanEck models Bitcoin’s penetration into two markets: global medium of exchange and central bank reserve assets.

The…