Global asset manager VanEck has projected a potential surge in the price of Bitcoin (CRYPTO: BTC), which could reach as high as $53.4 million by 2050.

VanEck’s optimistic forecast predicts a compound annual growth rate (CAGR) of 29% for Bitcoin over the next quarter-century. This “hyper-Bitcoinization” scenario suggests Bitcoin gaining a significant share of both domestic and international trades.

The report states, “In a ‘hyper-Bitcoinization’ scenario where Bitcoin captures 20% of international trade and 10% of domestic GDP, the implied value per coin could reach $53.4 million.”

For this to occur, Bitcoin would need to match or even exceed gold as a primary…

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