Investment firm VanEck, which has nearly $82 billion in assets under its management, thinks the price of Bitcoin could reach around $5 million if fiat currencies like the dollar lose their global reserve presence.
VanEck officials Natalia Gurushina and Eric Fine shared their predictions about what their prices might be if bitcoin and gold became the global source of reserves.
According to the analysis shared by VanEck, bitcoin is in the global reserve status. $1.3 to $4.8 million will be traded between
In addition, the company thinks that the USA prints money too often, so people will turn to assets with limited supply. inflation in the USA reached almost 8%.
In the article, which stated that the tension between Russia and Ukraine affected the global monetary network, it was stated that many countries imposed sanctions on Russia and that as a result of these sanctions, the stability of Russia’s economic relations was shaken.
The company also made predictions about the price of gold. VanEck predicts that gold, which is generally stated to be protected from inflation in the same way as bitcoin, will increase the price of 1 ounce of gold in the future if fiat currencies depreciate. for $31,000 He said he could reach.
ARK Investment Management, the company led by the famous US investor Cathie Wood, reported that the bitcoin price It could exceed $1 million by 2030. had predicted.
Bitcoin (BTC) May Exceed $1 Million by 2030 According to Ark Invest Report
Related article: Bitcoin (BTC) May Exceed $1 Million by 2030 According to Ark Invest Report