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2024-10-28 18:40:38
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cointelegraph.com11 on Nostr: Summary of Bitcoin in bullish setup ahead of election: VanEck The source article: ...

Summary of Bitcoin in bullish setup ahead of election: VanEck
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/0192d430-cdc4-7326-8b09-d0fa02a2f4e6


The source article:
Bitcoin in bullish setup ahead of election: VanEck
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/0192d430-cdc4-7326-8b09-d0fa02a2f4e6

The investment manager's long term model puts BTC's price at roughly $3 million by 2050.

https://cointelegraph.com/news/bitcoin-bullish-setup-ahead-election-vaneck

Bitcoin's performance is creating a "very bullish setup" for the digital asset as investors brace for the United States presidential election in November. Matthew Sigel, VanEck's head of digital assets research, believes that Bitcoin could hit $3 million per coin by 2050, driven by massive demand for the decentralized currency as collateral for trade settlement and a reserve for central banks.
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