Key Points:
Bitwise predicts that the price of Bitcoin will reach $1.3 million by 2035, with an expected annualized return of 28.3%, surpassing traditional assets.
Institutional investors dominate Bitcoin demand, with a surge in corporate holdings, and Strategy is leading in accumulation.
Limited supply, strong holding behavior, and macroeconomic pressures create conditions for long-term price growth of Bitcoin.
Bitwise has released a new forecast for Bitcoin (BTC), expecting a price target of $1.3 million by 2035, primarily driven by institutional demand and the limited supply of Bitcoin (BTC).
The report was published as part of Bitwise's "Long-Term Capital Market Assumptions," predicting a 28.3% compound annual growth rate for Bitcoin (BTC) over the next decade, significantly exceeding traditional assets such as stocks (6.2%), bonds (4.0%), and gold (3.8%).
Bitwise's benchmark forecast is $1.3 million for 2035, while the company also provides various scenarios. In an optimistic case, Bitcoin (BTC) could reach $2.97 million (39.4% compound growth rate); in a pessimistic scenario, it could drop to $88,005 (2% compound growth rate).
Such a wide range indicates that, despite increased institutional participation, the Bitcoin (BTC) market remains highly volatile.
According to Cointelegraph, over 75% of Bitcoin (BTC) trading volume on the Coinbase platform comes from institutional investors, a figure historically associated with significant price fluctuations. Currently, institutional participation intensity has reached a level where demand exceeds daily production by six times, leading to a highly imbalanced supply-demand relationship.
The change in market dynamics has also been evident recently. The pace of corporate adoption of Bitcoin (BTC) has significantly accelerated, with 35 publicly traded companies now each holding at least 1,000 Bitcoin (BTC), up from just 24 at the end of Q1 2025. In Q2 2025, total corporate purchases of Bitcoin (BTC) increased by 35% quarter-over-quarter, from 99,857 to 134,456.
Strategy (now renamed Strategy) continues to lead corporate accumulation, announcing its fourth monthly Bitcoin (BTC) purchase on Monday, with total holdings exceeding 632,457 BTC, valued at over $71 billion. The company's unrealized gains on Bitcoin (BTC) investments exceed 53%, with unrealized gains reaching $25 billion.
Currently, 94.8% of Bitcoin (BTC) total supply is in circulation, and the annual issuance rate is expected to drop from 0.8% to 0.2% by 2032. Bitwise points out that institutional demand for Bitcoin (BTC) is continuously growing, while newly produced Bitcoin (BTC) cannot meet this demand. Unlike traditional commodities, Bitcoin (BTC) supply cannot increase regardless of price rises.
Bitwise emphasizes, "The inelasticity of Bitcoin (BTC) supply and the continuously growing demand are the core driving factors of our long-term assumptions."
This scarcity is further exacerbated, with about 70% of Bitcoin (BTC) supply having not moved for at least a year, indicating a strong willingness among existing holders to retain their coins.
Concerns over fiat currency devaluation further drive the adoption of Bitcoin (BTC). U.S. federal debt has increased by $13 trillion in five years, reaching $36.2 trillion, with total annual interest payments amounting to $952 billion, making it the fourth largest expenditure in the federal budget. As interest rates exceed expected GDP growth, traditional currencies face greater pressure.
Limited supply, accelerated institutional adoption, and macroeconomic uncertainty together constitute what analysts call a "perfect storm" for rising Bitcoin (BTC) prices.
Miners produce only 450 Bitcoin (BTC) daily, while institutions withdraw over 2,500 BTC within 48 hours. This supply-demand imbalance is expected to drive significant price discovery in the next decade.
Related: Hedge fund Numerai secures $500 million funding commitment from JPMorgan, driving the fusion of cryptocurrency and AI.
Original: “Bitwise: Institutional Demand Could Drive Bitcoin (BTC) Price to $1.3 Million by 2035”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
