Bitwise Asset Management has issued a new long-term outlook that puts Bitcoin’s base-case price at roughly $1
Bitwise Asset Management has issued a new long-term outlook that puts Bitcoin’s base-case price at roughly $1.31 million by 2035, implying an annualized return of 28.3%. The San Francisco-based crypto investment firm, which manages about $15 billion, sets a bull-case target of $2.98 million and a bear-case floor of $88,000 for the same year.
Bitwise attributes the projected appreciation to steady inflows into U.S. spot Bitcoin exchange-traded funds, growing demand for inflation hedges and the cryptocurrency’s fixed supply of 21 million coins. The firm argues these factors could position Bitcoin to rival gold as a global store of value over the next decade.
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Source: https://thedefiant.io/news/markets/bitwise-sees-bitcoin-reaching-1-3-million-2035-base-case-44a9db4c
