"Bitcoin Could Reach KRW 4.3 Billion, Never Sell"... Wall Street Giant's Ultra-Bullish Forecast
VanEck Projects BTC at KRW 4.3 Billion, ETH at KRW 33 Million
"Two Assets Are Complementary, Not in Competition"
Global asset management firm VanEck on Wall Street has expressed strong optimism about Bitcoin and Ethereum. The company predicts that Bitcoin could reach $2.9 million (approximately KRW 4.3 billion) by 2050, while Ethereum could climb to $22,000 (about KRW 33 million) by 2030.
VanEck: "Bitcoin Could Reach $2.9 Million by 2050"
On March 18 (local time), VanEck released a report forecasting that Bitcoin could rise to $2.9 million (about KRW 4.3 billion) by 2050, and Ethereum could reach $22,000 (around KRW 33 million) by 2030.
Rather than simply grouping the two assets as "cryptocurrencies," VanEck redefined them as key digital assets performing distinct economic roles. According to the company, Bitcoin is considered "digital gold" based on scarcity and serves as a potential reserve asset, while Ethereum is categorized as "digital infrastructure" that underpins decentralized finance (DeFi) and real-world asset (RWA) tokenization. This perspective interprets the relationship between the two assets as a "complementary structure," where each performs different functions and grows together, rather than being in competition.
Bitcoin's Value as a 'Non-Sovereign Asset' Highlighted
VanEck applied an average annual growth rate of 15% to Bitcoin based on the assumption that it could capture a portion of the global means of exchange and central bank reserve asset markets. This goes beyond simple price prediction and reflects a view of Bitcoin as a non-sovereign reserve asset held by nations and institutions.
VanEck described the long-term outlook for Bitcoin as "intuitive and compelling." After the 2024 halving, scarcity has been maximized, and institutional adoption is accelerating to the extent that U.S. spot Bitcoin ETFs now absorb about 12% of the total supply.
With issuance limited to 21 million coins and a secure proof-of-work (PoW) mechanism, Bitcoin is being evaluated as the perfect hedge against inflation and the decline of the dollar's value.
Ethereum Positioned as the Core of Future Financial Infrastructure
For Ethereum, VanEck presented a base scenario price of $22,000 by 2030. The company believes that this value is feasible if Ethereum expands its role as a core settlement and payment layer for smart contract platforms, DeFi, stablecoins, and RWA. Ultimately, according to VanEck, while Bitcoin is regarded as a "scarce asset," Ethereum is seen as "digital infrastructure that generates cash flow."
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VanEck emphasizes that investors do not need to choose between Bitcoin and Ethereum. The company maintains that Bitcoin provides a foundation for defending against long-term uncertainty, while Ethereum serves as an aggressive asset for investing in the growth of Web3 and decentralized internet, making them complementary to each other.
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