Joe Burnett, director of market research at Unchained, shared an optimistic outlook for Bitcoin's value, predicting it could reach $1.8 million by 2035.
Long-term Optimism for Bitcoin
Burnett outlined two potential scenarios for the future: a parallel model suggesting a price of $1.8 million, and Michael Saylor’s model, forecasting $2.1 million. "Both are good base cases," he added.
Impact of Global Trade Wars
Global trade tensions, driven by tariff uncertainties, have made investors cautious. Nonetheless, analysts remain optimistic about Bitcoin's long-term prospects, which could help it rival gold as a safe-haven asset.
Decreasing Volatility and Investor Behavior Changes
Over time, Bitcoin's volatility is decreasing, indicating its maturity as an asset class. Burnett noted that current conditions create opportunities for strong holders, emphasizing that "deep bear markets move coins into the hands of the strongest holders."
Overall, despite market fluctuations and global risks, the long-term outlook for Bitcoin remains positive, highlighting its potential for growth in uncertain conditions.
