Bitwise: Bitcoin will rise to $1.3 million in 10 years
Bitcoin will reach $1.3 million by 2035, according to Matt Hougan, chief investment officer at Bitwise. In an interview with Cointelegraph, the expert explains why he believes this scenario is entirely achievable.
Institutional Revolution in Action
Hougan bases his forecast not on sentiment, but on a detailed institutional report. The analyst models Bitcoin's role as a store of value and its competition with gold against the backdrop of growing institutional acceptance.
According to the expert, three key factors are radically changing the trajectory of Bitcoin's development:
- Rapidly growing government debt
- Changing the regulatory climate from hostile to favorable
- The emergence of Bitcoin ETFs, making it easier for Wall Street to invest in cryptocurrency.
From a marginal asset to a fundamental component
Hougan emphasizes that Bitcoin is no longer a marginal asset. It is now considered, along with stocks, bonds, and real estate, a fundamental building block of global portfolios.
The key question is whether Bitcoin can compete with gold for the status of “digital gold.” Could the world's leading cryptocurrency capture a quarter of the global store of value market within the next decade?
The sustainability of the forecast is questionable
The question remains whether this forecast is sustainable amid political uncertainty and market volatility. Hougan also expresses optimism about Solana, describing the cryptocurrency as having the ingredients for “epic growth” by the end of the year and the potential to become the “new Wall Street.”
Bitwise's forecast reflects the growing understanding that Bitcoin is evolving from an experimental asset into a serious financial instrument. Institutional acceptance, bolstered by the emergence of ETFs and a changing regulatory environment, lays the foundation for this ambitious scenario.
Source: cryptonews.net
