The focus keyword bitcoin price takes center stage in Bitwise’s long-term outlook, with the crypto asset manager forecasting a dramatic rise over the next decade. The company projects that the bitcoin price could surge to $1.3 million by 2035, positioning the cryptocurrency as the best-performing institutional asset of the coming years.

Why Bitwise Sees Bitcoin as the Standout Asset

According to a new report released on Thursday by Bitwise, analysts anticipate bitcoin to outperform traditional financial vehicles significantly over the next 10 years. The report, authored by Matt Hougan and his research team, estimates a compound annual growth rate of 28.3% for bitcoin through 2035.

This bold bitcoin price projection arrives at a time when BTC is already setting records, with its market value exceeding $100,000. Fueling the optimism is the improving regulatory landscape and growing interest from institutional investors, who are increasingly viewing bitcoin as a viable addition to diversified portfolios.

Three Key Drivers Behind the Bitcoin Boom

Bitwise identified three critical elements that could propel bitcoin’s continued ascent:

• Institutional Maturity: An increasing number of institutions are recognizing bitcoin as a secure and scalable asset class.
• Inflation-Hedging Appeal: Bitcoin’s status as a hard asset becomes more attractive in high-inflation environments.
• Limited Supply Dynamics: The fixed issuance of new bitcoin helps drive scarcity as demand grows.

These forces, Bitwise argues, could transform bitcoin’s financial role beyond a speculative instrument into a core portfolio holding for funds and family offices alike.

Moving Beyond the Four-Year Cycle

One notable point in the Bitwise report is the belief that bitcoin’s historical four-year cycle model — long a staple of crypto trading strategy — is now outdated. As the market matures and institutional involvement increases, cyclicality may give way to a more steady, albeit still volatile, growth trajectory.

Despite this, the company cautioned that investors should still brace themselves for significant drawdowns. The crypto landscape is inherently volatile, and BTC remains subject to wide price swings.

Risks That Could Derail Bitcoin’s Ascent

While the outlook for bitcoin price growth is optimistic, Bitwise warns investors of several unresolved challenges that could impact projections. These include:

• Regulatory Uncertainty: Government and legislative shifts across major crypto markets could disrupt adoption and price stability.
• Lack of Historical Data: Bitcoin’s relatively short lifespan makes forecasting difficult, especially with limited long-term precedent.
• Technological Threats: Innovations like quantum computing are flagged as secondary but notable risks.

“We aim to err on the side of being conservative,” the Bitwise note emphasized, acknowledging the embryonic nature of current projection models for digital assets.

Institutional Confidence and the Road Ahead

With institutional momentum building and macroeconomic factors playing in its favor, bitcoin is gaining traction as a core investment asset. Though the market still carries notable headwinds, Bitwise’s prediction reflects increasing confidence in bitcoin’s long-term value proposition.

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