VanEck model projects Bitcoin at $2.9M by 2050, outlines $53.4M bull case

According to VanEck's long-term capital study, Bitcoin could reach $2.9 million per coin by 2050 on a projected 15% CAGR from about $88,000. The framework spans a "Settlement Pivot", where BTC processes 5–10% of cross‑border trade and 5% of domestic activity, and a "Reserve Pivot" tied to G7 debt concerns, with outcomes from a $130,000 bear case to a $53.4 million bull case.