Bitwise Predicts Bitcoin Could Reach $1.3M by 2035 Amid Institutional Boom
Crypto asset manager Bitwise has released a bullish long-term forecast for bitcoin (BTC), projecting the leading cryptocurrency could climb to $1.3 million by 2035.
In a report published Thursday, Bitwise analysts described bitcoin as poised to become the top-performing institutional asset of the next decade. The firm’s projection implies a 28.3% compound annual growth rate (CAGR) — a level of return that would far exceed most traditional asset classes.
The outlook arrives as bitcoin trades above $100,000 for the first time, driven by increased regulatory clarity and accelerating institutional participation in crypto markets.
According to the report, three core forces are expected to drive long-term adoption and price appreciation:
- Growing institutional acceptance of bitcoin as a portfolio asset.
- Demand for inflation-resistant stores of value, as global economic uncertainty persists.
- Bitcoin’s fixed supply, which enforces digital scarcity and limits dilution.
Bitwise also noted that the long-standing idea of bitcoin’s “four-year halving cycle” is becoming outdated, as the market matures and macroeconomic factors take precedence over historical patterns.
Despite the optimistic price target, the firm cautioned that volatility and regulatory risks remain substantial. Potential disruptions could come from shifting laws, geopolitical tensions, or technology risks. However, Bitwise downplayed the threat of quantum computing in the near term.
“Forecasting bitcoin’s long-term future is inherently uncertain,” the report acknowledged. “Our models aim to remain conservative while capturing the asymmetric upside of this asset class.”
The firm concluded that even amid uncertainty, bitcoin is increasingly seen as a credible, high-growth asset — one that could anchor institutional portfolios over the next decade.
