Crypto asset manager Bitwise bets Grand on Bitcoin (BTC) Future, providing that the next decade will mark a period of excessive growth for the largest cryptocurrency in the world.
In a report published Thursday, Bitwise analysts predicted that Bitcoin could become the most efficient institutional asset over the next 10 years, with its price climbing $ 1.3 million by 2035.
The prediction comes at a time when the price of Bitcoin has reached new heights of all time and is negotiated over $ 100,000 in the midst of better regulatory clarity, and more institutional investors jump in the sector.
The new prediction of Bitwise prices implies an annual growth rate made up of 28.3%, yields that would eclipse the most traditional assets, although the company warns that volatility will remain a decisive characteristic of the market, even if it tends more than in past cycles.
Three forces will stimulate the adoption and assessment of prices, wrote the analysts led by Matt Hougan.
The first catalyst is the continuous emergence of Bitcoin as an institutional quality. The second is an increase in demand for exposure to hard assets in an inflationary environment, and the third is the fixed nature of its new offer.
Bitwise also said that Bitcoin’s “Historical Cycle Historic Cycle”, which has long been a touchstone for merchants, is no longer relevant.
However, he warns that investors should expect steep withdrawals. Among the biggest risks: regulatory changes, legislative changes in the main markets and the challenges of a relatively new asset with limited historical data.
While quantum computer science and other technological threats are on radar, consider them as secondary concerns.
The company also concedes that the forecast of the future of Bitcoin is heavy with uncertainty, given the lack of long -term data. “We aim to be mistaken on the side of being conservative,” said the note, stressing that the models of such projections are still evolving.
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