VanEck long-term model forecast: The target price of Bitcoin will reach 3 million dollars by 2050.

The well-established asset management firm VanEck in New York, USA, stated in a recent interview that there is a long-term model prediction within the team:

By 2050, Bitcoin will become a global reserve asset, held by central banks of various countries at a rate of about 2%, and used for international trade settlement.

According to this model, the target price for Bitcoin will reach $3 million.

VanEck pointed out that while this price may sound extreme, it only implies an annualized growth rate of 16% over the next few decades, which is actually "not exaggerated at all."

VanEck, as one of the earliest Wall Street institutions to lay out a crypto ETF, depicts a new global financial landscape from a macro perspective where "Bitcoin replaces gold."