Bitwise CIO Matt Hougan Predicts Bitcoin Could Reach $1.3M by 2035
Bitwise Chief Investment Officer Matt Hougan says Bitcoin could become one of the highest-performing investments over the next decade. Using conservative assumptions, Hougan built a model forecasting Bitcoin’s price to reach $1.3 million by 2035. The projection frames Bitcoin not merely as a highly volatile asset but as a potential long-term store of value and major return generator. The article presents this forecast as market information and not investment advice.
Bullish
A price projection from a prominent industry figure like Bitwise’s CIO is generally bullish for market sentiment. Hougan’s $1.3M-by-2035 forecast frames Bitcoin as a high-return, long-term asset rather than a short-term speculative instrument, which can encourage investor accumulation and institutional interest. Short-term impact may be limited — such long-horizon models rarely move markets immediately — but the publication supports a positive narrative that can strengthen medium-to-long-term demand, especially among buy-and-hold investors and allocators seeking inflation hedges. Comparable events: high-profile price targets from industry analysts (e.g., microstrategy leadership, ETF proponents) have historically contributed to improved sentiment and inflows, though actual price moves depend on macro factors (rates, regulation, ETF approvals) and liquidity. Traders should view this as sentiment-supporting information rather than a near-term trading signal; expect gradual bullish pressure if institutional adoption and macro conditions align.