VanEck, a New York-based asset management firm, has projected that Bitcoin could become a global reserve asset by 2050, potentially reaching a price of $3 million. The firm's long-term model suggests that Bitcoin could be held at around 2% by central banks and used in international trade settlements. VanEck emphasized that this target price, while seemingly extreme, represents an average annual growth rate of 16% over the coming decades, which they consider reasonable.