Bitcoin News Today: Bitcoin's $1.3M 2035 Outlook: Why the Bull Case Keeps Gaining Ground

Bitcoin has emerged as a focal point in the global financial landscape, with a range of forecasts and market dynamics shaping its trajectory. Bitwise Asset Management, a leading crypto asset manager, has issued a bold prediction, suggesting that the price of Bitcoin (BTC) could reach $1.3 million by 2035. This projection implies a compound annual growth rate of 28.3%, a figure that would far exceed the returns of most traditional asset classes over the same period [1]. Bitwise attributes this potential growth to several key drivers, including the growing institutional adoption of Bitcoin, increased demand for hard assets amid inflationary pressures, and the fixed supply characteristic of the cryptocurrency [1].

The recent surge in Bitcoin’s price, which has surpassed $100,000, aligns with Bitwise’s long-term optimism. The firm acknowledges, however, that the journey toward this price target will not be without risks. Regulatory shifts, legislative changes in major markets, and the inherent volatility of a relatively new asset class are all factors that could influence the market [1]. Despite these uncertainties, Bitwise maintains that Bitcoin’s volatility has been trending downward, even if steep drawdowns should still be expected.

In contrast to Bitwise’s bullish outlook, Harvard economist Kenneth Rogoff has revisited his earlier prediction, which anticipated a significant decline in Bitcoin’s value. Rogoff, who initially forecasted that Bitcoin would be worth $100 rather than $100,000 in a decade, now admits that he underestimated the cryptocurrency’s role in the underground economy. He has also highlighted the overestimation of regulatory efforts to curb its usage [2]. Rogoff argues that Bitcoin’s adoption as a medium of exchange in the global underground economy has created a floor for its price, reinforcing its value proposition as a store of value and inflation hedge.

Technical analyses also contribute to the current bullish sentiment surrounding Bitcoin. Merlijn The Trader, a well-known analyst, has emphasized the recurring four-year growth cycle of Bitcoin, where one year of decline is typically followed by three years of growth. This historical pattern has shown to align with major price surges, and with Bitcoin now in the three-year growth phase, analysts are watching for further upward momentum [3]. Marcus Corvinus, another analyst, anticipates a short-term correction toward $104,000, which he describes as a standard reset within an otherwise bullish trend [3].

The broader macroeconomic landscape is also playing a role in shaping Bitcoin’s trajectory. The recent hints of a Federal Reserve rate cut, delivered by Chair Jerome Powell during the Jackson Hole Symposium, have contributed to a resurgence in risk appetite, with Bitcoin seeing a surge to $117,300. This price breakout led to the liquidation of $379.88 million in short positions, signaling a shift in investor sentiment toward bullishness [5]. Additionally, the possibility of allowing Bitcoin in retirement plans, such as 401(k)s, could further enhance institutional interest in the cryptocurrency [5].

Eric Trump, through his involvement in American Bitcoin and his role as a strategic adviser for Metaplanet, is also positioning himself as a major player in the crypto space. He has predicted that Bitcoin could reach $175,000 by the end of 2025 and eventually climb past $1 million [4]. Trump’s efforts to expand the Trump family’s involvement in digital assets reflect the growing importance of Bitcoin in the financial world, particularly in regions like Japan and Hong Kong, which are competing to attract digital asset firms [4].

As the Bitcoin market continues to evolve, the interplay between technical indicators, macroeconomic conditions, and regulatory developments will likely shape its future. While short-term volatility remains a reality, the long-term trajectory appears to be upward, supported by institutional adoption, macroeconomic trends, and historical patterns. However, investors should remain cautious, as the regulatory landscape and macroeconomic environment are subject to change, influencing the price dynamics of Bitcoin in unpredictable ways.

Source:

[1] title1 (https://www.coindesk.com/markets/2025/08/22/bitcoin-price-to-hit-usd1-3m-by-2035-says-crypto-asset-manager-bitwise)

[2] title2 (https://www.coindesk.com/markets/2025/08/21/harvard-professor-who-predicted-bitcoin-crash-to-usd100-says-regulators-were-too-lax)

[3] title3 (https://bravenewcoin.com/insights/bitcoin-btc-price-prediction-bitcoin-market-cycle-theory-signals-parabolic-gains-ahead-despite-short-term-dip)

[4] title4 (https://www.coindesk.com/business/2025/08/23/eric-trump-makes-bitcoin-price-predictions-as-he-reportedly-gets-ready-to-visit-metaplanet)

[5] title5 (https://cointelegraph.com/news/bitcoin-price-breakout-to-dollar117k-liquidates-bears-opening-door-to-fresh-all-time-highs)

[6] title6 (https://www.investopedia.com/bitcoin-and-crypto-stocks-surge-as-powell-rate-cut-hint-revives-risk-appetite-11795898)