Bitwise CIO: Bitcoin Price Could Hit $1.3 Million by 2035, Institutional Adoption to Drive Growth

BlockBeats News, August 9th, Bitwise CIO Matt Hougan stated in an interview with CoinDesk that by 2035, the price of Bitcoin could reach $1.3 million, with the main driving factor being the massive inflow of institutional funds.

Hougan pointed out that global institutions manage $100-200 trillion in assets, and even a 1% allocation to Bitcoin could bring in 1-2 trillion dollars, supporting the achievement of his price target. Retail investors have already pushed the crypto market from zero to a $2 trillion market cap, and in the next 10 years, institutional capital will drive growth, propelling the total market value to higher levels."