Bitwise: It is expected that Bitcoin will rise to $1.3 million by 2035.

On August 29, according to Cointelegraph, cryptocurrency asset management firm Bitwise released its latest price prediction for Bitcoin, expecting the price to reach $1.3 million by 2035. This expectation is mainly driven by institutional demand and Bitcoin's limited supply. The report was published as part of Bitwise's "Long-Term Capital Market Assumptions for Bitcoin," predicting that Bitcoin will achieve a 28.3% annual compound growth rate (CAGR) over the next decade, far exceeding traditional assets such as stocks (6.2%), bonds (4.0%), and gold (3.8%). In the benchmark scenario, Bitwise expects Bitcoin to reach $1.3 million by 2035; in the bullish scenario, Bitcoin could rise to $2.97 million (CAGR 39.4%); while in the bearish scenario, it could fall to $88,005 (CAGR 2%). This price range reflects that despite increased institutional participation, the Bitcoin market still exhibits significant fluctuation. Bitcoin is no longer a market driven by retail investors; institutional capital flows now dominate price movement.