Institutional Bitcoin Price Target: $1.3 Million by 2035
Bitwise CIO, who remains unnamed in the report, has made a prediction about Bitcoin's future price. According to them, by 2035, Bitcoin may reach $1.3 million per unit.
The executive believes that institutions will be the driving force behind the cryptocurrency's growth and adoption.
No specific details were provided on how this would occur or what factors would contribute to such a significant increase in price.