{"id":134657,"date":"2024-08-01T20:00:27","date_gmt":"2024-08-01T17:00:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134657"},"modified":"2024-08-01T13:22:08","modified_gmt":"2024-08-01T10:22:08","slug":"bitcoin-could-hit-2-9-million-by-2050-vaneck","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-could-hit-2-9-million-by-2050-vaneck\/","title":{"rendered":"Bitcoin Could Hit $2.9 Million by 2050 – VanEck"},"content":{"rendered":"

This prediction<\/strong><\/a>, made by Matthew Siegel, VanEck\u2019s head of digital asset research, and Patrick Bush, senior investment analyst, hinges on Bitcoin becoming a central component of the international monetary system.<\/p>\n

Siegel and Bush foresee Bitcoin<\/strong><\/a> becoming widely used in international trade, becoming a significant medium of exchange and a valuable store of wealth.<\/p>\n

This anticipated change would create a feedback loop similar to Gresham\u2019s law, where \u201cbad money drives out good money.\u201d As BTC gains functionality and value, central banks and long-term investors will seek to own more of it, reducing the supply in circulation.<\/p>\n