Crypto Giant Bitwise Forecasts $1.3M Bitcoin Price by 2035

Bitcoin Could Soar to $1.3M by 2035, Says Bitwise

Crypto asset manager Bitwise has issued a bold new forecast, projecting that bitcoin (BTC) could climb to $1.3 million by 2035, underpinned by strong institutional demand, its role as an inflation hedge, and bitcoin’s fixed supply mechanics.

In a report released Thursday, analysts at Bitwise said they expect bitcoin to become the top-performing institutional asset over the next decade. The prediction assumes an average compound annual growth rate (CAGR) of 28.3%, significantly outpacing returns from traditional markets.

The bullish projection comes as bitcoin trades above $100,000 for the first time, buoyed by clearer regulatory frameworks and a surge of institutional capital entering the crypto space.

Bitwise identifies three key drivers for bitcoin’s long-term appreciation:

Institutional adoption: Increasing recognition of bitcoin as a legitimate, investable asset class.
Inflationary pressures: Growing demand for scarce, hard assets amid persistent inflation risks.
Finite supply: The algorithmically capped issuance of new BTC creates long-term scarcity.

The report also challenges the long-held belief in bitcoin’s “four-year cycle,” noting that maturing market structure and macroeconomic factors now exert a stronger influence on price movements.

Despite its optimistic outlook, Bitwise cautions that volatility and downside risks remain significant, including regulatory developments, technological shifts, and geopolitical uncertainty. Still, the firm views threats like quantum computing as longer-term concerns rather than immediate disruptors.

“While projecting the future of a young asset like bitcoin is difficult, we believe our estimates are grounded in reasonable, conservative assumptions,” the report noted.

Bitwise’s projection adds to the growing consensus that bitcoin may become a foundational part of global portfolios as the digital economy matures.