Asset manager VanEck has released an analysis projecting that the price of Bitcoin could potentially reach $2.9 million by the year 2050. According to reports, this base-case scenario is predicated on the assumption that Bitcoin will increasingly be adopted as both a settlement tool and a reserve asset over the next 25 years. The projection highlights the potential long-term growth and utility of Bitcoin in the evolving financial landscape, according to the asset manager's analysis.

Asset manager VanEck has released an analysis projecting that the price of Bitcoin could potentially reach $2.9 million by the year 2050. According to reports, this base-case scenario is predicated on the assumption that Bitcoin will increasingly be adopted as both a settlement tool and a reserve asset over the next 25 years. The projection highlights the potential long-term growth and utility of Bitcoin in the evolving financial landscape, according to the asset manager's analysis.