Bitwise has published a report predicting that Bitcoin's price may exceed one million dollars by 2035. The article examines the main economic factors influencing this expectation.
Bitcoin as Digital Gold
According to Bitwise, Bitcoin will serve as a digital asset protecting against inflation and currency devaluation. In particular, macroeconomic factors such as national debt, deficits, and inflation are crucial for Bitcoin.
Economic Realities and Energy Issues
Bitwise indicates that the fiat currency system requires constant economic growth, which cannot be achieved without increasing energy consumption. Analysts believe that rising national debt and deficits will inevitably lead to erosion of the dollar's purchasing power.
The Decline of the Dollar and Bitcoin's Future
The report also discusses the potential decline of the dollar as the primary reserve currency due to several countries' refusal to finance its debt. Bitwise suggests that Bitcoin will be one of the new currencies replacing the dollar, a process that has already begun in certain nations.
In conclusion, Bitwise believes Bitcoin's price could significantly increase over the next decade, reaching 1.3 million dollars by 2035. This prediction is based on changes in the global economy and growing interest in cryptocurrencies.
