Bitwise dey forecast say Bitcoin price go hit $1.3M by 2035
Bitwise Asset Management dey project say Bitcoin price go reach $1.3 million by 2035, wey mean say market cap go be $28 trillion. This base case forecast dey assume say e go grow by 28.3% every year, as institutions dey adopt am quick quick since U.S. spot Bitcoin ETFs launch. Institutions dey do over 75% of the trading volume now. The report mention say Bitcoin get fixed supply, less than 1.1 million coins left to mine, plus demand dey increase. E also talk say Bitcoin dey important as inflation hedge as debt dey rise and fiat currency value dey fall. Other scenarios include bull case of $3 million and bear case of $88,000. Regulatory changes and macro shocks still be risk, but Bitwise dey expect say prices go still drop 30–60% sometimes against long-term bullish trend as Bitcoin dey move to become mainstream asset.
Bullish
Bitwise forecast wey say Bitcoin go reach $1.3M by 2035 show say dem get better confidence for Bitcoin. The big annual growth assume say ETF go still dey flow well plus institutions go still dey adopt am—like how e happen after 2021 when dem introduce ETF for gold funds. Now, institutions dey trade over 75% of volume, which mean demand plenty pass supply six times. The forecast align well with how Bitcoin supply dey reduce and how e dey become protection against inflation. Past bull run follow big halving events and ETF approvals do. Though Bitwise dey warn say e fit fall 30–60% if regulatory or macro shocks show, the long-term path show say Bitcoin fit stand gidigba with gold and Treasuries. Short-term wahala fit increase when policy change, but institutions commitment dey push am strong, making market outlook still be bullish.