PANews reported on January 10th that, according to Decrypt, global asset management firm VanEck stated that under a more optimistic scenario, the price of Bitcoin could reach $53.4 million per coin by 2050. During this so-called "Bitcoin hyper-growth" period, Bitcoin will become a key component of global and domestic trade settlements. The firm's base case forecast is that Bitcoin will reach $2.9 million by 2050; in a bear market scenario, the price would be only $130,000.