Bitcoin News
By James Thorp
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Crypto asset manager Bitwise has issued one of the boldest long-term forecasts for Bitcoin to date, suggesting the world’s leading cryptocurrency could trade between $88,000 and…
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Bitwise’s analysts presented three potential price paths for Bitcoin over the next decade:
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Base Case: $1.3 million by 2035, supported by a 28.3% compound annual growth rate (CAGR).
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Bullish Case: $2.97 million by 2035, assuming a stronger 39.4% CAGR.
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Bearish Case: $88,005 by 2035, with just a 2% CAGR.
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This wide range highlights the asset’s volatility but also reflects its maturing market. Unlike its early years, Bitcoin trading is now heavily shaped by large institutions…
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Bitwise Chief Investment Officer Matt Hougan emphasized that institutional investors are now the dominant force in Bitcoin’s price movements.
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This institutional demand frequently surpasses supply. For example, institutions have withdrawn up to 2,500 BTC from exchanges within just two days, compared to miners generating…
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Corporate adoption also continues to accelerate. As of Q2 2025, 35 publicly traded companies hold more than 1,000 BTC each, compared to 24 at the end of Q1. Strategy Inc.
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Bitwise’s forecast is anchored in Bitcoin’s supply dynamics. With 94.8% of total BTC already in circulation, new issuance is becoming increasingly scarce.
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Long-term holders are further tightening supply, with around 70% of Bitcoin unmoved for over a year. This highlights investor conviction in BTC’s role as a long-term asset.
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At the same time, rising macroeconomic pressures are bolstering Bitcoin’s case as a hedge against traditional financial risks. U.S. debt has surged to $36.
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Bitwise concluded that Bitcoin’s unique supply structure, combined with increasing global demand, positions it for extraordinary long-term growth.
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“Inelastic supply, combined with exponential demand growth, is the single most important driver of Bitcoin’s long-term trajectory,” the firm stated.
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If the base-case scenario of $1.3 million per BTC by 2035 plays out, Bitcoin will transition from a speculative asset to a dominant store of value rivaling gold and traditional…
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