Asset manager VanEck, an issuer of spot bitcoin (BTC) and ether (ETH) ETFs, says that BTC’s price may reach $2.9 million by 2050, assuming some high hurdles are cleared. Mathew Siegel stated that Bitcoin is the ultimate hedge against rising fiscal recklessness. If VanEck’s predictions come to pass, bitcoin’s price will increase in value by 44 times, gaining 16% annually from its current price of just below $65,000. Its market capitalization would soar to $61 trillion. VanEck also warned about potential risks ahead that could stifle Bitcoin’s expansion.

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