BlockBeats reports that on August 29, according to Cointelegraph, cryptocurrency asset management company Bitwise released its latest price forecast for Bitcoin, expecting it to reach $1.3 million by 2035. This expectation is primarily driven by institutional demand and Bitcoin's limited supply. The report was published as part of Bitwise's 'Long-Term Capital Market Assumptions for Bitcoin' and predicts a 28.3% annual compound growth rate (CAGR) for Bitcoin over the next decade, far exceeding traditional assets such as stocks (6.2%), bonds (4.0%), and gold (3.8%).
In the baseline 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%); while in the bearish scenario, it could fall to $88,005 (CAGR 2%).
This price range reflects that despite increased institutional participation, there remains significant volatility in the Bitcoin market. Bitcoin is no longer a market driven by retail investors; institutional capital flows now dominate price movements.
