VanEck Director: If central banks around the world use Bitcoin as a reserve asset, Bitcoin will reach 3 million dollars by 2050
Matthew Sigel, Director of Digital Asset Research at VanEck, stated that as U.S. debt reaches 35 trillion dollars, if central banks around the world use Bitcoin as a reserve asset, then by 2050 Bitcoin will reach 3 million dollars.
David Bailey, former cryptocurrency assistant to Trump, believes that nation-states are about to enter the Bitcoin market and predicts that sovereign funds and central banks will invest billions of dollars each month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bank of Korea official: Stablecoins require central bank backing
63.1% of crypto-native media in Eastern Europe saw a decline in Q2 traffic
The Crypto Fear and Greed Index is currently at 48, indicating the market remains in a "neutral" state.
Trending news
MoreCrypto prices
More
