Holpop News

U.S. investment firm VanEck believes bitcoin has twice the growth potential of gold. The company believes its price could be as high as $4.8 million if it becomes a global reserve asset.
The VanEck study found that the estimated price of bitcoin ranges from $1.3 million to $4.8 million. The lower end of the price forecast is based on the M0 monetary aggregate, which includes all working capital, currencies and bank deposits, but is not the usual marker that economists pay attention to.
The upper bound is projected based on the more common M2 estimate, which is considered a measure of money supply and includes all bank deposits in currency and its ability to convert to cash.
Recent geopolitical turmoil has already led Russia to consider using various cryptocurrencies for oil transactions with its friendly partners China and Turkey.
This trend could spread to the central banks of more countries. Analysts believe that the Chinese yuan may well become the new reserve currency, but countries are likely to dramatically change their assets.
“Central banks are likely to change their reserve structure to the detriment of the dollar (as well as the euro and yen), in favor of something else. As a result, some central banks – and private entities – will diversify their reserves,” the report said.
Alternatives to gold and bitcoin, analysts named real estate, stocks and emerging market currencies.