Bitcoin (BTC) declined by 1% on Thursday following asset manager VanEck's forecast that the top digital asset will reach a $61 trillion market capitalization by 2050.
VanEck's Bitcoin report predicts that BTC may hit a $61 trillion market cap by 2050. Marathon Digital acquired more bitcoin, urging world governments to use the asset as a reserve. BTC slidesbelow $65K as Bitcoin Conference commences. Bitcoin declined by 1% on Thursday following asset manager VanEck's forecast that the top digital asset will reach a $61 trillion market capitalization by 2050.
Meanwhile, Bitcoin miner Marathon Digital added to its holdings after purchasing $100 million worth of BTC. The company, which holds over 20,000 BTC on its balance sheet, also plans to buy more Bitcoin in the open market. We believe Bitcoin is the world's best treasury reserve asset and support the idea of sovereign wealth funds holding it. We encourage governments and corporations to all hold bitcoin as a reserve asset, said Marathon Digital.
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