{"id":1791,"date":"2024-10-29T05:47:46","date_gmt":"2024-10-29T05:47:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1791"},"modified":"2024-10-29T05:47:46","modified_gmt":"2024-10-29T05:47:46","slug":"asset-manager-vaneck-predicts-bitcoin-to-hit-3m-by-2050-and-this-is-why-it-may-not-be-an-extreme-estimate","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1791","title":{"rendered":"Asset Manager VanEck Predicts Bitcoin To Hit $3M By 2050 And This Is Why It May Not Be An &#8216;Extreme&#8217; Estimate"},"content":{"rendered":"<div>\n<p>In a massively bullish estimate, investment management company <strong>VanEck<\/strong> projected <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) to hit $3 million in value in 2050.<\/p>\n<p><strong>What happened<\/strong>: During a CNBC interview on Monday, <strong>Matthew Sigel<\/strong>, the firm&#8217;s digital assets head, said that the projection may appear \u201cextreme,&#8221; but when broken down to a 16% compound annual growth rate over the next two decades, it was reasonable.<\/p>\n<p>Seigel said that the estimate stemmed from the company\u2019s belief that Bitcoin would become a global reserve asset, used in global trade and held by central banks at a &#8220;modest&#8221; 2% weight.\u00a0<\/p>\n<p><figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><br ...><\/figure>\n<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41591548\/asset-manager-vaneck-predicts-bitcoin-to-hit-3m-by-2050-and-this-is-why-it-may-not-be-an-e\" alt=\"Asset\" manager vaneck predicts bitcoin to hit by and this is why it may not be an estimate>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a massively bullish estimate, investment management company VanEck projected Bitcoin (CRYPTO: BTC) to hit $3 million in value in 2050. What happened: During a CNBC interview on Monday, Matthew Sigel, the firm&#8217;s digital assets head, said that the projection may appear \u201cextreme,&#8221; but when broken down to a 16% compound annual growth rate over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1791","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1791"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1791\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}