The Bitcoin 2050 Valuation Scenarios: Global Medium of Exchange and Reserve Asset report says that the basic version of the forecast provides for an increase in the price of bitcoin by 2050 to a more modest mark of $2.9 million.
The bearish scenario assumes that the value of the first cryptocurrency by 2050 will be no more than $130,314, noted the authors of the report, Matthew Siegel, head of digital asset research at VanEck, and Patrick Buch, senior investment analyst.
"It is likely that by 2050, the first cryptocurrency in terms of settlements will take a share in 10% of global international trade and 5% of global domestic trade. The baseline scenario means that central banks will hold 2.5% of their funds in bitcoins," VanEck said.
The analysis is based on monitoring global trade, GDP growth and bitcoin circulation rates. VanEck representatives believe that in the future the influence of national currencies such as the US dollar, the Chinese yuan or the British pound will weaken due to a variety of economic and fiscal processes. Possible political crises, the sagging financial system and the active legalization of cryptocurrencies can give additional impetus to the growth of BTC, according to a report by VanEck analysts.
Earlier, Bloomberg experts suggested that the US presidential candidate from the Republican Party, Donald Trump, could weaken the US dollar, and this would have a positive impact on the growth of the value of bitcoin.