VanEck, the asset manager, has released a report outlining a potential future valuation for Bitcoin, estimating that one Bitcoin could be worth $2.9 million by 2050. According to the report, this base case scenario is based on the assumption that Bitcoin will become more widely adopted as a settlement tool and reserve asset over the next 25 years. The development suggests a long-term bullish outlook on Bitcoin's utility and value proposition within the global financial landscape.

VanEck, the asset manager, has released a report outlining a potential future valuation for Bitcoin, estimating that one Bitcoin could be worth $2.9 million by 2050. According to the report, this base case scenario is based on the assumption that Bitcoin will become more widely adopted as a settlement tool and reserve asset over the next 25 years. The development suggests a long-term bullish outlook on Bitcoin's utility and value proposition within the global financial landscape.