Bitcoin May Hit $1.3M by 2035, Says Crypto Asset Manager Bitwise
Crypto asset manager Bitwise is betting big on bitcoin’s (BTC) future, projecting that the next decade will mark a period of outsized growth for the world’s largest cryptocurrency.
In a report published Thursday, Bitwise analysts predicted that bitcoin could become the best-performing institutional asset over the next 10 years, with its price climbing to $1.3 million by 2035.
The prediction comes at a time when the bitcoin price has reached new all-time highs and is trading above $100,000 amid better regulatory clarity, and more institutional investors are jumping into the sector.
Bitwise’s new price prediction implies a compound annual growth rate of 28.3%, returns that would dwarf most traditional assets, though the firm cautions…
