In its latest research report, VanEck outlines an ambitious scenario under which the price of Bitcoin (BTC) could reach a staggering $2.90 million per coin by 2050. According to the report, written by the firm's head of digital assets, Matthew Sigel, and senior investment analyst Patrick Bush, the projected valuation depends on the adoption of Bitcoin as a global medium of exchange and reserve asset, which could revolutionize the international financial system.