Investment Firm VanEck: Bitcoin Could Reach $4.8M

Investment company VanEck, which has $82 billion in assets, made very interesting predictions about Bitcoin. The giant company stated that if the leading cryptocurrency becomes a global reserve, it can be traded between $ 1.3 and $ 4.8 million.
 Investment Firm VanEck: Bitcoin Could Reach $4.8M
READING NOW Investment Firm VanEck: Bitcoin Could Reach $4.8M

Cryptocurrencies, about which we encounter new news every day, continue to spread rapidly. Many people around the world see these currencies as investment vehicles and ‘technology of the future’, despite the skepticism of the authorities. In addition, millions of dollars are invested in these currencies from leading companies.

For this reason, it is a matter of great curiosity how the leading cryptocurrency Bitcoin (BTC), which entered our lives 13 years ago and has experienced an astronomical valuation since then, will reach its price in the future. Recently, we shared with you that Apple’s co-founder Steve Wozniak had an estimation on this subject. The 71-year-old businessman stated that he thinks Bitcoin could reach $100,000 in the near future. Now, a prediction has come from a giant company about the future of the leading cryptocurrency, which can be described as ‘herpes’.

“Bitcoin can be traded at $4.8 million”

Investment company VanEck, which has an asset of $82 billion, said in his statements about the future of Bitcoin. He made interesting predictions. In the statements made by company officials, Natalia Gurushina and Eric Fine, he stated that according to the analysis, Bitcoin could reach prices between 1.3 and 4.8 million dollars in case of global reserve. Previously, statements came from another investment firm, ARK Investment, stating that Bitcoin could reach $1 million by 2030. According to

Koin Bulletin, in addition, VanEck’s statements also mentioned frequent US printing of money. The company stated that it thinks this situation will lead people to assets with limited supply. Stating that the Russia-Ukraine tension has significant effects on the global monetary network, the company noted that in the future, in case of depreciation in nominal currencies, 1 ounce of gold can be traded at 31,000 dollars.

The leading crypto currency Bitcoin, which has risen to around $ 48 thousand in recent days, is currently trading at $ 46 thousand 340 at the time of this writing.

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