According to a new report by VanEck analysts, countries exploring alternatives to the current international monetary system face limited attractive options, one of which is Bitcoin.
Experts noted that for Bitcoin to become an effective means of international trade, it must “evolve” primarily in technical terms through Layer 2 (L2) solutions. The report presents three development scenarios:
- Baseline scenario: By 2050, Bitcoin will serve 10% of global trade, and central banks will transfer 2.5% of their reserves to digital gold. In this case, the Bitcoin price will reach $2.9 million per coin with a total market capitalization of $61 trillion.
- Bearish scenario: In a less favorable outcome, the Bitcoin price will rise to $130,314 per coin.
- Bullish scenario: The most optimistic estimate forecasts a price of $52.4 million per 1 BTC.
In making these forecasts, analysts relied on expectations of global economic growth, increasing debt burdens in developed countries, and changes in the international monetary system.
