Bitwise: Bitcoin Expected to Reach $1.3 Million by 2035

BlockBeats News, August 29th, according to Cointelegraph, cryptocurrency asset management company Bitwise has released the latest Bitcoin price prediction, estimating that the price of Bitcoin will reach $1.3 million by 2035, driven mainly by institutional demand and Bitcoin's limited supply. The report was released as part of Bitwise's "Bitcoin Long-Term Capital Market Assumptions," predicting that Bitcoin will achieve a 28.3% compound annual growth rate (CAGR) over the next decade, far exceeding traditional assets such as stocks (6.2%), bonds (4.0%), and gold (3.8%).

In the base case scenario, Bitwise expects Bitcoin to reach $1.3 million by 2035; in the bullish scenario, Bitcoin could rise to $2.97 million (CAGR 39.4%); and in the bearish scenario, it could fall to $88,005 (CAGR 2%).

This price range reflects the significant volatility in the Bitcoin market despite increasing institutional participation. Bitcoin is no longer a market driven by retail investors, with institutional fund flows now dominating price trends.