Crypto Asset Manager Bitwise is betting on Bitcoin’s (BTC) Future, projecting that the next decade will mark a huge growth period for the largest cryptocurrency in the world.
In a report published on Thursday, Bitwise analysts predicted that Bitcoin could become the best performance institutional asset in the next 10 years, with their price rising to $ 1.3 million by 2035.
The prediction comes at a time when the price of Bitcoin has reached new historical maximums and is being quoted above $ 100,000 amid a better regulatory clarity, and more institutional investors are jumping into the sector.
The new Bitwise pricing prediction implies an annual growth rate composed of 28.3%, the yields that would eclipse most of the traditional assets, although the company warns that volatility will continue to be a defining characteristic of the market, even if the lowest trends than in the past cycles.
Three forces will boost the adoption and appreciation of prices, they wrote analysts led by Matt Hougan.
The first catalyst is Bitcoin’s continuous appearance as an institutional degree asset. The second is the growing demand for exposure to hard assets in an inflationary environment, and the third is the fixed nature of its new supply.
Bitwise also said that the “four -year historical cycle” of Bitcoin, which for a long time has been a touchstone for merchants, is no longer relevant.
Even so, he warns that investors should expect pronounced reductions. Among the greatest risks: regulatory changes, legislative changes in the main markets and the challenges of a relatively new asset with limited historical data.
While quantum computing and other technological threats are on radar, Bitwise sees them as secondary concerns.
The firm also acknowledges that predicting Bitcoin’s future is full of uncertainty, given the lack of long -term data. “Our goal is to err on the side of being conservative,” said the note, which stresses that models for such projections are still evolving.
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