Bitwise’s $1 million Bitcoin projection by 2029 reflects more than just optimism—it’s a data-driven thesis. With spot Bitcoin ETFs already attracting over $37B in their first year, and increasing institutional and sovereign interest, BTC is rapidly maturing into a recognized store of value. If it captures even a fraction of gold’s $20T+ market cap, the $1M target is within reach.

Bitwise sees major upside for Bitcoin in coming years

Institutional interest is rising rapidly

$1 million Bitcoin target set for 2029

Institutions May Be the Key to Bitcoin’s Future

Bitcoin’s path to $1 million just got a big endorsement. Bitwise, one of the largest crypto asset managers in the U.S., has predicted that growing Bitcoin institutional adoption could send the price of BTC soaring to seven figures by 2029. This bold prediction highlights a major shift in the way large financial players are approaching crypto.

For years, Bitcoin was seen as a speculative asset or a hedge against inflation. But now, major institutions—including banks, asset managers, and pension funds—are starting to view Bitcoin as a long-term store of value. This shift is already visible with firms like BlackRock and Fidelity offering Bitcoin-related investment products.

Why Institutions Are Turning to Bitcoin

Bitwise’s forecast rests on a clear trend: traditional finance is embracing crypto. The launch of spot Bitcoin ETFs in early 2024 was a major catalyst, unlocking access to billions in capital. These ETFs make it easier for institutions to invest in Bitcoin without needing to handle the asset directly.

As regulatory clarity improves and Bitcoin continues to mature, more institutional money is expected to flow in. This demand, coupled with Bitcoin’s fixed supply of 21 million coins, could drive significant price growth over the next five years.

BREAKING:

Bitwise says growing institutional adoption could push Bitcoin past $1 million by 2029

LETS GO pic.twitter.com/eUZJLfbKP3

— Crypto Rover (@rovercrc) May 4, 2025

Could $1 Million Bitcoin Become Reality?

While the idea of a $1 million Bitcoin might sound extreme, it aligns with past predictions from other industry experts. Cathie Wood’s ARK Invest has previously set similar targets. Bitwise’s forecast simply strengthens the narrative that institutional capital could be the game-changer for Bitcoin’s price.

Of course, crypto markets are volatile and nothing is guaranteed. But with increasing adoption and stronger infrastructure, the future looks increasingly bullish.

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