{"id":59503,"date":"2022-04-01T13:35:08","date_gmt":"2022-04-01T10:35:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59503"},"modified":"2025-09-04T22:10:50","modified_gmt":"2025-09-04T19:10:50","slug":"vaneck-sees-bitcoin-rising-to-as-much-as-4-8-million-if-it-becomes-a-reserve-asset","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/vaneck-sees-bitcoin-rising-to-as-much-as-4-8-million-if-it-becomes-a-reserve-asset\/","title":{"rendered":"VanEck sees bitcoin rising to as much as $4.8 million if it becomes a reserve asset"},"content":{"rendered":"<p>Bitcoin could reach a range of $1.3 million to $4.8 million if it attains global reserve currency status. Those projections come from VanEck&#8217;s analysts.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"und\" dir=\"ltr\"><a href=\"https:\/\/t.co\/zMysF5GtCT\">https:\/\/t.co\/zMysF5GtCT<\/a><\/p>\n<p>\u2014 Mike Alfred (@mikealfred) <a href=\"https:\/\/twitter.com\/mikealfred\/status\/1509599852023320602?ref_src=twsrc%5Etfw\">March 31, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The lower bound of the range is based on the monetary aggregate <a href=\"https:\/\/en.wikipedia.org\/wiki\/Money_supply\">M0<\/a>, which includes cash in circulation, while the upper bound is based on <a href=\"https:\/\/en.wikipedia.org\/wiki\/Money_supply\">M2<\/a>, which includes M0, bank reserves and their \u201cnear equivalents.\u201d<\/p>\n<p>Analysts stressed that there are greater prospects for the yuan to challenge the dollar&#8217;s hegemony.<\/p>\n<p>The presented forecast is more of a starting point for investors seeking to gauge bitcoin&#8217;s value in an \u201cextreme\u201d scenario [the full transfer of all global reserves into digital gold].<\/p>\n<p>Events surrounding the war in Ukraine prompted the analysts to consider it. They pointed to Russia&#8217;s exploration of using digital assets to settle oil trades amid sanctions.<\/p>\n<p>VanEck did not rule out that this trend could be taken up by other countries as well, which could undermine the dollar\u2019s status as the world\u2019s reserve currency.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abCentral banks, in pursuit of diversification, are likely to shift the structure of their reserves away from dollars (and also euros and yen) toward other assets\u00bb<\/em>, \u2014 said in the document.<\/p>\n<\/blockquote>\n<p>Among alternatives, besides gold and bitcoin, analysts named real estate, equities and currencies of developing economies.<\/p>\n<p>Earlier, the founder and CEO of BTC.TOP Jiang Zhuer described the sanctions against Russia as a positive factor for the crypto market in the long term.<\/p>\n<p>In January, Fidelity Digital Assets <a href=\"https:\/\/forklog.com\/en\/news\/fidelity-forecasts-governments-will-buy-bitcoin\">envisaged<\/a> sovereign purchases of bitcoin.<\/p>\n<p>Earlier, MicroStrategy CEO Michael Saylor <a href=\"https:\/\/forklog.com\/en\/news\/michael-saylor-bitcoin-is-a-world-reserve-asset-but-not-a-currency\">described<\/a> bitcoin as a global reserve asset.<\/p>\n<p> Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin could reach a range of $1.3 million to $4.8 million if it attains global reserve currency status. Those projections come from VanEck&#8217;s analysts.<\/p>\n","protected":false},"author":1,"featured_media":59504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1473,783],"class_list":["post-59503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-reserve-currencies","tag-vaneck"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=59503"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59503\/revisions"}],"predecessor-version":[{"id":59505,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59503\/revisions\/59505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/59504"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=59503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=59503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=59503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}