Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Glo...

Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Glo...

On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report explained that the investment team “attempted to quantify the emergence of new gold or bitcoin-backed currency regimes.” The study’s calculations estimate that gold could reach $31,000 per ounce and bitcoin could potentially hit $1.3 million per coin. If the assets became M2 monetary supplies, then the values of bitcoin and gold could be much higher. Vaneck’s Investment....


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