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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…
Read more on Benzinga
This week was a rollercoaster ride in the world of cryptocurrency. Bitcoin is showing signs of a potential rally in 2026, while Ethereum has surged above $3,100. Let’s dive into the details.
Bitcoin’s Potential Rally In 2026
Bitcoin is setting up well for a rally in 2026. Glassnode data shows that profit-taking pressure has largely subsided, allowing Bitcoin to rebound from around $87,000 into the mid-$90,000 range. This move reflects exhaustion on the sell side and signals a stabilization phase.
Read the full article here.
VanEck’s Bitcoin Projection
VanEck has released long-term capital market assumptions projecting Bitcoin could reach $2.9 million by 2050. This projection represents…
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The number of Bitcoin addresses (bitcoin whales) holding at least 100 BTC has climbed to a new all-time high, according to on-chain data from Bitcoin Magazine Pro, pointing to continued accumulation among large holders despite some recent bitcoin price dips and broader crypto market volatility.
The metric tracks the total number of unique Bitcoin addresses with balances of 100 BTC or more — a cohort commonly associated with so-called “bitcoin whales,” including high-net-worth individuals, funds, corporations, and long-term strategic holders.
The latest data shows the count has surpassed all previous peaks, extending a multi-year uptrend that has persisted across several…
Read more on BitcoinMagazine
Members of Congress have been actively buying up Bitcoin (CRYPTO: BTC) and Bitcoin ETFs over the last 12 months. Many of the purchasers are allies of President Donald Trump and serve on financial committees, which could be a conflict of interest.
Congressman Buys Bitcoin
Congressman Byron Donalds (R-Fla.) recently disclosed buying $50,000 to $100,000 in Bitcoin, as reported by the Benzinga Government Trades page.
The purchase came alongside Donald disclosing the sale of shares of Abbott Laboratories (NYSE:ABT) and the purchase of shares of Comfort Systems (NYSE:FIX).
This marks the first purchase of Bitcoin by Donalds. Bitcoin traded between $84,436.31 to $89,412.66 on Dec. 18 and currently…
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Bitcoin is holding above $90,000 amid a solid U.S. jobs data release on Friday.
CryptocurrencyTickerPriceBitcoin(CRYPTO: BTCEthereum(CRYPTO: ETHSolana(CRYPTO: SOLXRP(CRYPTO: XRPDogecoin(CRYPTO: DOGEShiba Inu(CRYPTO: SHIB5)$90,526.47)$3,084.76)$136.55)$2.09)$0.1402)$0.08633
Notable Statistics:
Coinglass data shows 80,473 traders were liquidated in the past 24 hours for $202.65 million.
In the past 24 hours, top gainers include Polygon, Pump.fun and Stacks.
Notable Developments:
Trader Notes: Altcoin Sherpa said the current environment favors either short-term scalp trades or staying on the sidelines until Bitcoin delivers a strong, sustained breakout above $94,000.
Until that…
Read more on Benzinga