Matt Hougan, Director of Investments at Bitwise Asset Management, predicted that the price of Bitcoin will rise to $1.3 million by 2035. This forecast is based on a fundamental analysis of macroeconomic data and limited supply $BTC . According to Bitwise, 94.8% of bitcoins are already in circulation, and the annual issuance will decrease to 0.2% by 2032, which will intensify the asset's scarcity. Hougan notes that institutional demand, including $170 billion in ETF investments from 2024, and support from Wall Street, where 12 major companies have incorporated Bitcoin into their strategies, are creating a "perfect storm" for price growth.
Bitcoin, according to Hougan, surpasses gold as a hedge against the devaluation of fiat currencies due to its scarcity, divisibility, and resistance to counterfeiting. Bitwise's forecast suggests an average annual return of BTC at 28.3%, significantly outpacing stocks (6.2%) and gold (3.8%). In a 'bull' scenario, the price could reach $2.97 million, while in a 'bear' scenario — $88,005. The growth of U.S. national debt ($36.2 trillion) further supports the attractiveness of bitcoin.
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