According to VanEck experts, the price of Bitcoin could once reach $1.30 million. This estimate will come in handy when the highly liquid global money supply M0 is divided by the weight of the flagship cryptocurrency. If the less liquid global money supply, M2, is divided by the total supply of bitcoin, its price could reach $4.80 million.

M0 is a highly liquid money supply and consists of the physical currency of both notes and coins stored inside or outside the banking system. M2 is a less liquid money supply and consists of money stored outside the banking system, such as check deposits, savings deposits, and money market securities.

“The prices generated in this extreme scenario where gold or Bitcoin become the reserve asset obviously need to be adjusted downward – they are just a starting point.”