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VanEck sees Bitcoin reaching $61 trillion market cap, Marathon buys $100 million BTC
Bitcoin (BTC) declined by 1% on Thursday following asset manager VanEck's forecast that the top digital asset will reach a $61 trillion market capitalization by 2050. Asset manager VanEck released a report on Wednesday predicting that Bitcoin will become a reserve currency among industries and countries by 2050. The report predicted that the price of BTC will hit $2.9 million per coin around that period, driving its market cap to $61 trillion by 2050. VanEck suggests that this surge in the asset's price will result from increased adoption across the globe. It foresees that BTC will be used to settle 5% of the world's ... (full story)
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- Posted: Jul 25, 2024 11:50pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 175
