Bitcoin Forecasts Suggest $1.8 Million by 2035 as Gold Outperforms and Investors Shift Strategies
Bitcoin is still expected to hit $1.8 million by 2035, despite recent price drops and reduced investor interest driven by global trade tensions. Joe Burnett, director of market research at Unchained, said Bitcoin remains in a long-term bullish cycle. He pointed to two models, the parallel model and Michael Saylor’s Bitcoin 24 model, that project Bitcoin prices of $1.8 million and $2.1 million, respectively, within the next decade. Burnett described both as solid base cases, noting that Bitcoin’s actual price could exceed those figures depending on broader economic factors.
Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, also gave a bullish forecast, suggesting that Bitcoin could reach $250,000 by the end of 2025 if the U.S. Federal Reserve starts another quantitative easing cycle. However, short-term investor behavior tells a different story. Enmanuel Cardozo, market analyst at Brickken, said investors are being cautious and rebalancing their portfolios, with many avoiding major Bitcoin positions in the next few months. He said Bitcoin ETFs have seen money flowing out as investors move toward safer assets like strong currencies and gold. #BTC