VAN ECK: “We have a model that assumes by 2050, #Bitcoin will become a reserve asset and in that model we arrived at a $3 million price target for Bitcoin.”
#Bitcoin #BTC #VanEck #Nostr https://video.nostr.build/6b138daa286b5045818e46bbcc0a5e78acfe7cce9bfd57478b76ef8afb229951.mp4
$3 million in 2050? These people are trash at math
I soo listening to these managers a long time ago, they just throw numbers at this point
As a global reserve asset it’s likely Bitcoin will have a significantly higher market cap than 60 trillion. Global liquidity will be much higher too. Many smaller currencies will have hyper inflated and gone bust. There is also no way to account for scaling solutions that make Bitcoin a global MoE like ecash. There are no good models for any of that. Their model is insufficient, inaccurate and uninteresting.
"it may sound extreme"
Yeah dude, extremely bearish.
