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Bitcoin Price Could Surge to $53 Million by 2050, Says VanEck—Here’s Why

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Bitcoin Price Could Surge to $53 Million by 2050, Says VanEck—Here’s Why

In brief

  • VanEck developed a Bitcoin bull case that suggests BTC could hit $53.4 million per coin by 2050.
  • In that scenario, BTC would become a key part of global and domestic trade settlement.
  • The firm’s base case assumes a BTC price of $2.9 million by 2050, and just $130,000 in the bear scenario.

Global asset manager VanEck said this week that the price of Bitcoin could jump as high as $53.4 million by 2050, according to its latest long-term capital market outlook on the asset. 

The astronomical price forecast represents the firm’s bull case in the scenario, which maintains a compound annual growth rate (CAGR) of 29% for Bitcoin over the next 25 years. 

In that forecast, what the firm calls “hyper-Bitcoinization,” the top crypto asset would represent a sizable portion of settled domestic and international trades.

“In a ‘hyper-Bitcoinization’ scenario where Bitcoin captures 20% of international trade and 10% of domestic GDP, the implied value per coin could reach $53.4 million,” the analysis from Matthew Sigel and Patrick Bush reads. 

“This scenario requires Bitcoin to achieve parity with or surpass gold as a primary global reserve asset,” they added, “constituting nearly 30% of world financial assets.” 

Granted, that’s the firm’s bullish forecast. But even VanEck’s base case shows a substantial price rise ahead for Bitcoin: It projects a 15% CAGR, leading to a price of $2.9 million per BTC by 2050.

In this scenario, VanEck forecasts that BTC will account for 5-10% of global trade, and 5% of domestic swaps. Additionally, it believes that central banks will have begun allocating up to 2.5% of their balance sheet to Bitcoin as a hedge. 

With Bitcoin changing hands at $90,319 on Friday, it sits nearly 3,100% off the firm’s 2050 base case. To reach the firm’s bull case, Bitcoin will need to jump more than 59,000%.

However, it is only 43% below the firm’s 2050 bear case, which assumes just a 2% CAGR and a projection of BTC at $130,000—just 3% above its most recent all-time high of $126,080, set last October.

The firm’s 2050 valuations have shifted slightly higher since they were unveiled in 2024. At that time, it provided a bull case of $52.3 million per BTC, while its base and bear cases remained relatively unchanged. 

BTC is down 0.3% in the last 24 hours and sits about 28% off its October all-time high.

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Optimism Proposes Using 50% Of Superchain Revenue To Buy Back OP Tokens

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Optimism Proposes Using 50% Of Superchain Revenue To Buy Back OP Tokens

The Optimism Foundation has floated a major shakeup to the dynamics of the layer 2’s OP token, proposing to allocate 50% of its Superchain revenue to regular buybacks of the asset. 

Optimism Grants council member Michael Vander Meiden shared the proposal via X on Thursday, highlighting that “after many years of being a ‘useless gov token’ the value of the OP token will finally be tied to network activity.”

The proposal was initially submitted in the Optimism governance forum on Wednesday. It outlines a plan to direct 50% of incoming Superchain revenue to monthly Optimism (OP) buybacks that will flow back into the token treasury. 

“These tokens can then be burned or distributed as staking rewards as the platform evolves. Governance will retain oversight over parameters that control the buyback and the token treasury,” the Optimism Foundation said. 

OP buyback proposal. Source: Optimism 

Optimism wants to grow OP utility beyond governance

The move is part of a push to expand OP utility beyond primarily governance into something that is “tightly aligned with the growth of the Superchain,” and could provide a major boost to OP holders and builders within the ecosystem. 

“As the Superchain evolves, the token may take on additional functionality aligned with the network’s long-term decentralization and resilience, including roles in securing shared infrastructure, coordinating sequencer rotation, and enabling collective governance over core protocol functions,” the Optimism Foundation said. 

Related: Ethereum is the Linux of blockchain, says co-founder Vitalik Buterin

The proposal outlined the importance of relativizing OP to reflect the growth of Optimism from being an “experiment” in Ethereum scaling to an ecosystem hosting a significant amount of total layer 2 activity. 

“The Superchain captured 61.4% L2 fee market share and processes 13% of all crypto transactions, and that share continues to rise. The OP token should be aligned with that momentum and growth,” the team said.