A globally renowned asset management firm recently released a long-term capital market outlook, presenting three distinctly different forecasts for the future of Bitcoin.

In the most optimistic "Super Bitcoinization" scenario, assuming Bitcoin maintains an approximate 29% annual compound growth rate over the next 25 years and gradually evolves into an important settlement and reserve asset worldwide, the price of Bitcoin could rise to about $53.4 million by 2050. The logic behind this prediction is as follows: if Bitcoin can cover roughly 20% of international trade settlements and 10% of domestic GDP settlements globally, its implied value per coin could reach this level, and its share of global financial assets might approach 30%, making its status comparable to or even stronger than gold.

However, the institution also provided a more moderate baseline scenario—if the annual compound growth rate is about 15%, the price by 2050 is expected to be around $2.9 million. In a more conservative bearish scenario, with an annual growth rate of only 2%, the corresponding price would be approximately $130,000.

These three scenarios progress from optimistic to pessimistic, reflecting different judgments about Bitcoin's future adoption and market position.