VanEck Sees Bitcoin at $644K After 2024 Halving, $3M by 2050
VanEck’s latest Bitcoin prediction forecasts the cryptocurrency capturing half of the $26 trillion gold market post-2024 halving, taking its market cap to $13 trillion and the price to $644,000. The asset, hailed as “digital gold,” is expected to see rising institutional adoption—from central banks allocating reserves to spot ETFs—driving sustained demand. Analysts anticipate interim levels of $300,000–$500,000 by 2035. Under a scenario of 2.5% central-bank reserve allocation, Bitcoin’s valuation could rise to $2.9 million per coin, lifting the total market cap above $61 trillion. Over the long term, Layer-2 scaling and broader financial integration could propel BTC to $3 million by 2050. Technical indicators remain positive, with a bullish MACD and an RSI near 64, while support at $117,000 and resistance at $122,000 suggest short-term consolidation before further upside.
Bullish
VanEck’s bullish Bitcoin prediction is grounded in the post-halving supply shock and the firm’s view of BTC as digital gold. The forecast factors in capturing half of the global gold market, a scenario bolstered by growing institutional adoption from central banks and spot ETFs. Positive technical indicators (MACD, RSI) and interim price targets reinforce short-term trading opportunities, while long-term catalysts such as Layer-2 scaling and potential central-bank reserve allocations point to sustained upside. Together, these drivers support a long-term bullish outlook despite possible short-term consolidation around key support and resistance levels.