VanEck predicts Bitcoin's rise due to declining leading economies and waning confidence in traditional currencies.

Fiscal mismanagement and weakening property rights in major economies could prompt a shift away from fiat currencies.

VanEck anticipates a decrease in the significance of major currencies like USD, EUR, JPY, and GBP in global trade, creating opportunities for Bitcoin in international settlements.

In a bullish scenario, VanEck envisions Bitcoin facilitating 20% of global international trade and 10% of domestic trade by 2050, potentially representing almost 30% of global financial assets.

VanEck's report projects Bitcoin potentially reaching $52.38 million per coin by 2050 in an optimistic scenario, positioning it as a global medium of exchange and reserve asset.

VanEck forecasts central banks holding 2.5% of their assets in BTC by 2050, contributing to a projected total market cap of $61 trillion.

Bitcoin could settle 10% of global international trade and 5% of world domestic trade by 2050, according to VanEck's base case scenario.

A crypto analyst predicts Bitcoin could surge to $263,000 by the end of 2024 based on the 'Cup with Handle' chart pattern.

Analyst Ali Martinez identifies $66,000 as a critical support level for Bitcoin, potentially paving the way for a new all-time high rally.

Bitcoin's bullish surge to $263,000 is contingent on its current price surpassing $68,000.

Bitcoin Layer-2 solutions could collectively be valued at $7.6 trillion, representing about 12% of Bitcoin's total value.

VanEck concludes that Bitcoin could serve as a transformative economic force, applying constitutional constraints to money and potentially acting as a check on financial state powers.