Meteoric Rise: Bitcoin will rise to 500,000 dollars by 2030 and 1.6 million dollars by 2050, claims WisdomTree

New analysis from WisdomTree projects the revaluation of Bitcoin and gold based on three macroeconomic scenarios linked to the expansion of global monetary supply.

Meteoric Rise: Bitcoin will rise to 500,000 dollars by 2030 and 1.6 million dollars by 2050, claims WisdomTree

Price Analysis

Although the price of Bitcoin reached a new all-time high this Thursday, October 10, trading above 116,000 dollars, for analyst Blake Heimann, Senior Associate, Quantitative Research, WisdomTree, the value "is nothing" compared to the potential of the cryptocurrency in the long term.

Heimann believes that as sovereign debt increases, the risk of inflation persists, and institutional confidence decreases, investors seek assets that protect purchasing power in an increasingly unstable monetary scenario, which could drive BTC.

According to him, traditionally, gold has played the fundamental role of a lasting store of value and common reserve asset. Today, however, Bitcoin is emerging as a reliable and decentralized alternative.

In light of this, the analyst created a new scenario-based analysis that explores how the sustained expansion of global monetary supply can reshape future prices of gold and Bitcoin.