Matt Hougan, CIO at Bitwise Asset Management, forecasts Bitcoin will rise from $113,000 to $1.4 million by 2035, potentially signaling strong growth.
This prediction emphasizes Bitcoinโs shifting role in portfolios, suggesting broader institutional acceptance and potential market cap expansion.
Bitcoin could skyrocket to $1.4 million by 2035, changing its role in global finance.
Bitwise Asset Management predicts Bitcoinโs transformation into a core asset, with market cap implications and institutional interest on the rise.
Bitcoin to Reach $1.4 Million by 2035
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, predicts Bitcoin will experience 28.3% compound annual growth through 2035, supported by investor notes. The forecast mentions optimism about Bitcoinโs strategic use as a core asset in investment portfolios. Hougan noted, โProfessional investors mostly thought of bitcoin as an idiosyncratic, opportunistic investment.โ (source)
Bitwiseโs forecast anticipates Bitcoinโs rise from approximately $113,000 to $1.4 million by 2035 based on shifts in investor sentiment. It highlights the evolution of Bitcoin from an โidiosyncratic investmentโ to a core portfolio component.
Bitcoinโs Market Cap to Exceed $28 Trillion
The forecast implies Bitcoinโs market cap would surpass $28 trillion, overshadowing the U.S. Treasury market. No funding allocations or institutional involvements are tied directly. Still, Bitcoin is increasingly viewed as a critical asset class.
Financial predictions assume sustained adoption amid potential volatility. The sentiment among professional investors increasingly positions Bitcoin as an essential asset. This perspective relies on historical investment trends and anticipates continued institutional interest.
Boom-Bust Cycles Highlighted in Bitcoinโs Growth
Historically, Bitcoinโs growth has followed a boom-bust cycle every four years. Previous cycles saw substantial gains, driving its view as a lucrative investment. This forecast assumes no significant technical flaws in the future trajectory.
While no direct quotes from crypto leaders react to this forecast, industry perspectives acknowledge Bitcoinโs growing institutional acceptance. Analytical data points to continued appeal, aligning with prior market trajectories that have driven Bitcoinโs mainstream adoption.
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