Bitwise: Bitcoin is expected to rise to $1.3 million by 2035

BlockBeats news, on August 29, according to Cointelegraph, crypto asset management firm Bitwise has released its latest bitcoin price forecast, predicting that bitcoin will reach $1.3 million by 2035. This expectation is mainly driven by institutional demand and bitcoin's limited supply. The report, published as part of Bitwise's "Bitcoin Long-Term Capital Market Assumptions," forecasts that bitcoin will achieve a 28.3% compound annual growth rate (CAGR) over the next decade, far surpassing traditional assets such as stocks (6.2%), bonds (4.0%), and gold (3.8%).

Under the baseline scenario, Bitwise expects bitcoin to reach $1.3 million by 2035; in a bullish scenario, bitcoin could rise to $2.97 million (CAGR 39.4%); while in a bearish scenario, it could fall to $88,005 (CAGR 2%).

This price range reflects that despite increased institutional participation, the bitcoin market still exhibits significant volatility. Bitcoin is no longer a retail-driven market; institutional capital flows now dominate price movements.