Institutional Investment Could Boost Bitcoin Price to $1.3 Million by 2035
Bitcoin's value could see a significant boost over the next decade due to institutional investment. According to Bitwise Asset Management, thousands of billions of dollars may flow into Bitcoin by 2035. This prediction is based on historical data and macro-financial trends.
The calculation assumes that only 1% of the global institutional pool will be allocated towards Bitcoin, which would support a price of $1,300,000 per coin by 2035. The analysis also projects continued growth in the safe-haven market at a rate of 13% per year.
Bitwise's model relies on the idea that Bitcoin will capture 25% of the expanded store-of-value market over the next decade. This shift towards institutional investment is expected to transform the crypto market, making it more stable and less volatile.