Bitwise forecasts that Bitcoin could reach $1.3 million by 2035, reflecting an annual growth rate of 28.3%. The projections highlight two potential scenarios: a best case reaching $2.97 million and a bearish case of $88,005.
The analysis illustrates how institutional investment has become a major force in Bitcoin demand, with significant growth in corporate holdings. Current market dynamics indicate that daily institutional withdrawals far exceed Bitcoin’s daily mining output.
Bitcoin’s inelastic supply adds pressure to future price increases as 94.8% of its supply is already circulating. The accumulating institutional demand amidst limited production is viewed as a critical driver for potential long-term price appreciation.
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