VanEck: Bitcoin Price Could Reach $2.9 Million Each by 2050

In its latest research report, VanEck outlined an ambitious scenario in which the price of bitcoin (BTC) could reach a staggering $2.9 million per coin by 2050 under a "base case" scenario. According to the report, authored by Matthew Sigel, the firm's head of digital assets, and Patrick Bush, a senior investment analyst, the projected valuation hinges on the adoption of Bitcoin as a global medium of exchange and reserve asset, which could revolutionize the international financial system.