Don't Be Surprised, Bitcoin Price Will Reach Segini According To VanEck!

The price of Bitcoin will reach IDR 43 billion (Photo; Doc. Cointribune)

JAKARTA - Asset management company Vaneck released a recent report projecting the price of bitcoin to reach IDR 43 billion per coin by 2050. This report predicts bitcoin will become a global medium of exchange and significant reserve assets, used in international and domestic trade.

The report entitled 'Bitcoin 2050 Value Scenarios: Global Medium of Exchange and Reserve Assets' was prepared by the Vaneck digital asset research team, led by Head of Digital Asset Research Matthew Sigel and Senior Investment Analyst Patrick Bush. They stated that by 2050, bitcoin (BTC) could strengthen its position as the main international exchange media, eventually becoming one of the world's reserve assets.

It can be imagined that by 2050, bitcoin could be used to complete 10% of international trade and 5% of world domestic trade. This scenario will see central banks holding 2.5% of their assets in the form of BTC, they are clear.

Using assumptions about global growth, investor demand for BTC, and bitcoin turnover, Vaneck's team applied the money speed equation to suggest a potential price of IDR 43 billion per bitcoin, which translates into a total market capitalization of IDR 916 thousand trillion.

Quoted from Bitcoin.com News, they added Implementing the framework we use to assess Ethereum Layer-2, we estimate that Bitcoin Layer-2 could be worth IDR 114 thousand trillion, about 12% of the total BTC value.

Vaneck explained that bitcoin is predicted to play an important role in the future financial landscape due to declining confidence in current reserve currencies such as the US dollar, euro, pound sterling, and yen. With global GDP shifts and concerns over property rights, bitcoin's neutral and irreversible monetary policy makes this crypto asset a viable alternative.

Although scalability challenges still exist, Layer-2's solutions and potential software updates can increase bitcoin adoption in international trade and as a reserve asset. Thus, the report demonstrates the belief that trust in bitcoin will continue to grow over time, making it an important pillar in the global economy.