BlackRock has described Bitcoin as a 'global monetary alternative' and a hedge against instability. Analysts predict that Bitcoin could reach between $300,000 and $600,000 in the current market cycle. The cryptocurrency hit a new all-time high of $73,000 in March 2024 following the launch of BlackRock's ETF.
Further, VanEck projects that by 2050, Bitcoin could achieve a staggering price of $2.91 million. Many experts believe that in the shorter term, Bitcoin will surpass $100,000.
