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Bitwise Predicts Bitcoin Could Reach $3 Million by 2035

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by Giorgi Kostiuk

2 hours ago

Bitwise Asset Management has shared its price predictions for Bitcoin by 2035, evaluating potential bearish, base, and bullish scenarios.

Bitwise Predictions for Bitcoin

Bitwise made three forecasts for Bitcoin's price, with the bearish scenario suggesting a drop below $90,000 and the base case setting a target of $1,306,740. In a bullish case, Bitcoin could reach $2,976,927.

Bitcoin Accumulation Strategies by Financial Institutions

Financial institutions continue to accumulate Bitcoin. Recently, former President Donald Trump signed an executive order allowing 401(k) pension plans to expand their investments to Bitcoin and real estate.

Investments in Bitcoin by Major Companies

The company Strategy announced the purchase of 3,081 BTC, increasing its holdings to 632,457 BTC. Metaplanet also acquired 103 BTC worth around $51 million and now holds 18,991 BTC.

The predictions from Bitwise and the accumulation of Bitcoin by financial instruments signal a growing interest in digital assets for the long term.

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