An asset management company, Vaneck, released a forecast report highlighting the immense potential of Bitcoin in the future. According to the report, by 2050, the price of Bitcoin could reach $29 million per coin, positioning it as a global trading medium and reserve currency. The report anticipates that the application of Bitcoin in both international and domestic trade will significantly increase, covering 10% of global trade and 5% of domestic trade. It is also expected that central banks might start holding 2.5% of their assets in the form of Bitcoin for storage. Although scalability challenges exist, the report notes that the adoption rate of Bitcoin is likely to be enhanced through the implementation of Layer 2 solutions.