VanEck See Bitcoin for $644K After 2024 Halving, $3M by 2050
VanEck latest Bitcoin prediction dey forecast say di cryptocurrency go capture half of di $26 trillion gold market after di 2024 halving, weh go make e market cap reach $13 trillion and di price hit $644,000. Dis asset, weh dem dey call "digital gold," di expect say institutional adoption go dey rise—from central banks weh dey allocate reserves to spot ETFs—wey go dey drive sustained demand. Analysts dey anticipate interim levels of $300,000–$500,000 by 2035. If central-bank reserve allocation reach 2.5%, Bitcoin valuation fit rise to $2.9 million per coin, carry di total market cap pass $61 trillion. For long term, Layer-2 scaling and broader financial integration fit push BTC to $3 million by 2050. Technical indicators still dey positive, with bullish MACD plus RSI near 64, while support for $117,000 and resistance for $122,000 show say short-term consolidation go happen before further upside.
Bullish
VanEck wan talk say Bitcoin go rise because of di post-halving supply shock and d way dem see BTC as digital gold. Dem forecast dey include di idea of taking half of di global gold market, plus di matter say central banks and spot ETFs dey adopt am pass before. Technical signs like MACD and RSI plus interim price goals still dey encourage short-term trading, while bigtins like Layer-2 scaling and maybe central-bank reserve allocations dey show say di price fit still climb long-term. All dis things dey support say Bitcoin price go sharp long term even if e fit stabilise for short time around key support and resistance levels.