Asset management giant VanEck: If Bitcoin becomes a global reserve asset, the price could be as high as $4.8 million

According to reports, asset management giant VanEck said that if Bitcoin becomes a global reserve asset, the price per coin could be as high as $4.8 million. Eric Fine, head of emerging markets debt at VanEck, and chief economist Natalia Gurushina said in a March 30 report that Bitcoin’s implied price is between $1.3 million and $4.8 million. The lower price is predicted based on Bitcoin as M0, while the highest price is predicted based on Bitcoin as M2. In evaluating gold prices, Eric Fine and Natalia Gurushina believe that if M0, the gold price should be at 31,000 US dollars, and as M2, the gold price should be as high as 105,000 US dollars. Notably, Russia is considering accepting bitcoin as a payment method for its oil and gas exports as the West ramps up sanctions.