Bitcoin May Reach $1.3 Million by 2035, Predicts Bitwise Asset Management
Bitwise Asset Management sees huge potential for Bitcoin. The firm believes BTC prices could skyrocket to $1.3 million by 2035.
This forecast, detailed in Bitwise’s August capital markets report, suggests a $28 trillion market cap for Bitcoin. That’s bigger than the global gold market now.
The projection relies on a 28.3% yearly growth from today’s $112,000 mark. Yet, it acknowledges challenges like regulations and economic shocks.
- Base case: $1.3 million per coin
- Bull case: $3 million per coin
- Bear case: $88,000 per coin
Three factors drive Bitcoin’s rise:
Institutional adoption plays a key role. After U.S. spot Bitcoin ETFs launched in 2024, big players flooded in. Now, they control over 75% of trades, boosting demand past supply.
inflation hedges are vital too. Soaring U.S. debts and weak fiat currencies push investors to hard assets. Bitcoin’s portability and limited stock make it a modern gold equivalent.
Bitcoin’s fixed supply fuels scarcity. only 1.1 million coins are left to mine.The daily reward drops to roughly 450 BTC after each halving.
Risks still loom, mainly from shifting regulations and economic jolts. Yet, Bitwise is bullish about Bitcoin becoming a cornerstone of global portfolios.
