However, VanEck is optimistic about future improvements, suggesting that “ongoing development in Bitcoin’s infrastructure, particularly through Layer-2 solutions, will progressively enhance its functionality and appeal as a robust, decentralized financial system.” Concluding the analysis, VanEck envisions Bitcoin not merely as a financial tool but as a transformative economic force that redefines money in a global context.“Bitcoin applies constitutional constraints to money, representing a system created by the people, for the people, and might serve as the ultimate check against the often arbitrary financial powers of the state,” the report reflects.
This prediction is anchored in the cryptocurrency’s projected role in settling a portion of global trade—10% of international and 5% of domestic trade—combined with a significant allocation as a central bank reserve.“This scenario would result in central banks holding 2.5% of their assets in BTC, contributing to a total market cap of $61 trillion.” In this view, Bitcoin is anticipated to make up 1.66% of World Financial Assets, leveraging the anticipated growth in global trade and investment demand.
VanEck predicts that the resolution of Bitcoin’s scalability issues through emerging Layer-2 solutions will significantly enhance its functionality, making it an attractive option in the financial systems of developing nations.“The combination of Bitcoin’s immutable property rights and sound money principles with the enhanced functionality provided by L2 solutions could enable the creation of a global financial system capable of better meeting the developing world’s needs,” Sigel and Bush argue.
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