Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global

[sirty143]

Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency

On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report explained that the investment team “attempted to quantify the emergence of new gold or bitcoin-backed currency regimes.” The study’s calculations estimate that gold could reach $31,000 per ounce and bitcoin could potentially hit $1.3 million per coin. If the assets became M2 monetary supplies, then the values of bitcoin and gold could be much higher. See more for yourself here.

Your opinion is greatly appreciated.

[TomPluz]

In my own analysis, Bitcoin could soar even more if one day it would be a global reserve currency. Now, getting there can be fraught with a lot of challenges, though am not saying it is not possible. There can be more game-changing events that humanity can be facing that in one way or another push countries to be getting into Bitcoin. The war in Ukraine is seeing the possible adoption of Bitcoin by both sides of the isle and if you look at it can be crisis that will catapult Bitcoin into greater adoption and official recognition. When will this happen is the right question and for now nobody can supply the answer so we better just hope and watch out for it.