Bitwise Asset Management has released a long-term prospect that projects that Bitcoin price could reach $ 1.3 million per coin at 2035.
Summary
- Bitwise Projects Bitcoin could reach $ 1.3 million by 2035, with a market capitalization of $ 28T.
- Prediction driven by institutional inflow, inflation cover and fixed delivery.
- Risks arise from regulations and macro shocks, but a long-term process is Bullish.
In the assumptions of Augustus capital markets reportThe company, which manages more than $ 15 billion in assets, has framed this as its basic scenario. The projection translates into an annual growth rate of 28.3% compared to the level of approximately $ 112,000.
If it occurs, the market capitalization of Bitcoin (BTC) would rise to almost $ 28 trillion, more than double the current value of the global gold market. Bitwise also outlined alternative paths, with a bull’s event of $ 3 million per coin and a $ 88,000 bearing box.
Although ambitious, the report shows that Bitcoin institutions are starting to see as a structural asset class rather than a speculative.
Bitcoin price drivers in the long term growth
The report identifies three important forces behind the Bitcoin route. Firstly, institutional adoption is. Since the approval of the American Bitcoin exchange funds at the beginning of 2024, the inflow has been accelerated, with settings now more than 75% of the trade volume are good.
Bitwise estimates that the new demand exceeds the new supply by a factor of six. Company restrictions, pensions and sovereign funds are starting to assign, indicating that Bitcoin is integrated into the traditional financial system.
Secondly, the global search for inflation hedges is. American debt levels and the weakening purchasing power of Fiat Epruutas push investors to hard assets. Bitwise notes that $ 10,000 in US dollars in 2015 lost around 40% of its value. Bitcoin’s portability and finite delivery position it as a modern counterpart of gold.
Finally, the report emphasizes the fixed issue scheme of Bitcoin. With less than 1.1 million coins left to be mined and after reducing rewards reduced to around 450 BTC per day, scarcity continues to sharpen. Chief Investment Officer Matt Hougan described Inelastic Supply as “The most important power behind Bitcoin’s prospects.”
Risks and uncertainties
Bitstezijt does not reject risks. Legal shifts remain a great care, especially if governments adjust the laws with regard to detention, taxes or access to ETFs.
Adoption can also be delayed by macro -economic shocks, including everything from technological competition to liquidity crunches. The company expects the recurring drawings of 30-60%, although the volatility has decreased.
Nevertheless, Bitwise claims that the wider process is clear. Bitcoin goes from the edges of speculation to the core of global portfolios. If the prediction applies, the Bitcoin will compete directly with Gold and US Treasuries in the following decade as a mainstream storage of value.
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