Prosae
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- Jul 27, 2024
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Interesting article from VanEck about Bitcoin becoming a globally recognised store of value and medium of exchange for international transfers. They have predicted a conservative price of $25m by 2050.
In addition the article is very interesting as it outlines the fundimentals of the current monetary system, what factors dictate our perception of value when it comes to existing FIAT currencies and how Bitcoin and other cryptocurrencies are likely to over-take FIAT as a store of value and a medium of exchange (Things we are all well aware of on this forum but its still interesting to see the same thing put into a well-researched article and by a mainstream financial company).
In addition the article is very interesting as it outlines the fundimentals of the current monetary system, what factors dictate our perception of value when it comes to existing FIAT currencies and how Bitcoin and other cryptocurrencies are likely to over-take FIAT as a store of value and a medium of exchange (Things we are all well aware of on this forum but its still interesting to see the same thing put into a well-researched article and by a mainstream financial company).