Future Valuation: Predicting Bitcoin to Reach $2.9 Million by 2050

By: Isha Das

The CEO of VanEck, Jan van Eck, stirred the crypto community with his bold prediction that Bitcoin could reach a valuation of $2.9 million per coin by 2050. During his address at the recent 2024 Bitcoin Conference in Nashville, Tennessee, he emphasized his substantial personal investment in Bitcoin, holding over 30% of his portfolio in the digital asset.

Van Eck highlights Bitcoin’s role as 'digital gold,' presenting it as an uncorrelated asset offering significant diversification benefits. He believes that Bitcoin can outperform traditional currencies in an environment of global monetary stimulus that erodes purchasing power.

VanEck's projection is based on widespread Bitcoin adoption and the development of advanced Layer-2 solutions addressing scalability. The firm envisions a future where Bitcoin settles a large percentage of international and domestic trade, with central banks holding parts of their reserves in Bitcoin.

Additionally, van Eck underscores the transformative potential of blockchain technology, praising solutions like Solana and Layer-2 protocols for delivering affordable and predictable transaction fees essential for practical applications. Reflecting VanEck’s broad interest, the firm has filed for a Solana ETF with the SEC.

Investors are advised to adopt a long-term perspective on Bitcoin and blockchain technologies, understanding their unique characteristics and potential.

[Detailed Article](https://blockbriefly.com/news/vaneck-ceo-predicts-bitcoin-to-reach-29m-by-2050)