According to a recent analysis by VanEck, Bitcoin’s value could skyrocket to $2.9 million per coin by 2050.

This bold prediction is grounded in the expectation that Bitcoin will gain significant traction as both a global medium of exchange and a reserve asset.

The report suggests that as traditional fiat currencies such as the U.S. dollar, euro, yen, and pound lose their dominance due to declining economic relevance and fiscal challenges, Bitcoin could fill the void in international trade​.

VanEck’s projection assumes that by 2050, Bitcoin could account for 10% of global cross-border payments and 5% of domestic trade. The analysis also anticipates that central banks will hold 2.5% of their assets in Bitcoin, signaling widespread acceptance and legitimacy of the cryptocurrency in global financial systems​.

The report highlights that the potential for Bitcoin’s ascent is closely tied to the development of Layer-2 (L2) solutions, which are expected to resolve the cryptocurrency’s scalability issues. VanEck projects that these L2 solutions could be valued at approximately $7.6 trillion, making up 12% of Bitcoin’s total value.

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