Leading cryptocurrency bitcoin (BTC), As of 2021, it has been attacked by institutional investors and is now moving towards an institutional asset status. This makes it possible to think that there will be a serious acceleration in the long-term value of BTC. Billion-dollar investment company VanEck also made a very optimistic statement on the subject.
BTC Real Value Could See $4 Million
VanEck, He made positive predictions for both BTC and gold, especially after the sanctions against Russia. The executives of the asset management company say that the BTC price will continue to rise in the long run. 1.3 million dollarsr to $4.8 million waiting to be in between. This wait and forecast was made by looking at the global M0 and M2 money supplies. In the analysis published by the executives, it is stated that good days are waiting for both BTC and gold.
When we make the M0 calculation, which we use for gold, for BTC, it seems that the price should be at least 1.3 million dollars.”
Managers now think that the era of “saving money” is over and that saving fiat money will succumb to inflation. The fact that BTC achieved such an increase after the global money supply broke the record is very suitable for BTC’s model. BTC, which reduces the flow in the market with a block reward halving every 4 years and is resistant to inflation with 21 million, is now an important asset.
VanEck He reminded that for such a rise to occur, the whole world should see BTC as a reserve asset. The fact that BTC sees a million dollars is in the long-term expectations of many people.