VanEck’s estimate assumes that Bitcoin will grow at a compound annual growth rate of 25 percent, meaning that Bitcoin will be worth $42.3 million in 2049. If the U.S. government debt increases by 5 percent per year, that would amount to $119.3 trillion in 2049. Sigel and Frankovitz said: “The reserve could represent an estimated 35 percent of the government’s debt in 2049, offsetting about $42 trillion in liabilities.” This optimistic scenario from the pair assumed that Bitcoin’s 25 percent compound annual growth would begin at a price of $200,000 in 2025. Bitcoin currently trades for $95,360 and would need to more than double to reach VanEck’s starting point. If Bitcoin’s price rises to $42.3 million, that would mean it would represent about 18 percent of the world’s total financial assets. This is a huge increase from the current level of 0.22 percent in the current $900 trillion market. [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments