VanEck Predicts Bitcoin Could Reach $2.9 Million by 2050
- Long-Term Projection: Matthew Sigel, Head of Digital Assets Research at VanEck, forecasts Bitcoin could reach a valuation of $2.9 million by 2050, driven by its adoption as a settlement currency for 5% to 10% of global trade and comprising 2.5% of central bank reserves, highlighting Bitcoin's potential significance in the global financial system.
- Compound Annual Growth Rate: A projected 15% compound annual growth rate for Bitcoin from 2026 to 2050 indicates that the asset's long-term value will rely on structural monetary adoption rather than short-term price fluctuations, providing investors with confidence for long-term holding.
- Scenario Analysis: VanEck presents various market scenarios, estimating a price of only $130,000 by 2050 if Bitcoin fails to penetrate trade settlement or reserve asset markets, reflecting the high uncertainty surrounding Bitcoin's future in the market.
- Market Environment Challenges: Despite VanEck's optimistic long-term outlook, current market conditions appear weak, with Matrixport suggesting that Bitcoin's 2026 outlook is more about tactical trading, indicating low market participation and limited new investor engagement, which could impact Bitcoin's short-term performance.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36391.603 | 48195.801 | 61127.353 | 72931.551 | 85863.103 | 97667.301 | 110598.853 |
| Fibonacci | 48195.801 | 57644.858 | 63482.495 | 72931.551 | 82380.608 | 88218.245 | 97667.301 |
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