Bitcoin News Today: Institutional Hunger Fuels Bitcoin's $1.3M 2035 Boom

Bitwise Asset Management has issued a bold long-term price projection for Bitcoin, forecasting a potential rise to $1.3 million by 2035. The projection is based on a 28.3% compound annual growth rate (CAGR) over the next decade, significantly outpacing traditional assets such as equities (6.2%), bonds (4.0%), and gold (3.8%) [1]. The firm’s “Long-Term Capital Market Assumptions” for Bitcoin outline three distinct scenarios: a base case of $1.3 million by 2035, a bullish case with a potential $2.97 million target (39.4% CAGR), and a bearish scenario where Bitcoin could fall to as low as $88,005 (2% CAGR) [2].

The firm attributes this potential price appreciation to a shift in Bitcoin’s demand structure. Institutional investors now dominate trading activity, with over 75% of Bitcoin volume on platforms like Coinbase coming from institutional buyers [1]. This transition marks a significant departure from Bitcoin’s early retail-driven dynamics. The increased participation of institutional players has created a supply-demand imbalance, with institutions withdrawing over 2,500 BTC in 48-hour periods—far exceeding the daily mining output of just 450 BTC [1]. Bitwise emphasizes that this imbalance, combined with Bitcoin’s inelastic supply, forms a powerful foundation for long-term price growth [2].

Corporate Bitcoin adoption has also accelerated in recent quarters, with 35 publicly traded companies now holding at least 1,000 BTC each [1]. This is an increase from 24 companies at the end of Q1 2025. Total corporate purchases of Bitcoin rose 35% quarter-over-quarter in Q2 2025, with companies collectively acquiring 134,456 BTC [2]. Strategy, formerly known as MicroStrategy, remains a key player in this trend, having added over 632,457 BTC to its balance sheet, valued at more than $71 billion [1]. The company’s Bitcoin position has generated over $25 billion in unrealized gains [2].

The macroeconomic environment further supports Bitcoin’s growth narrative. The U.S. federal debt has surged to $36.2 trillion, with annual interest payments reaching $952 billion. As interest rates outpace GDP growth expectations, concerns about the devaluation of fiat currencies intensify, prompting a search for alternative stores of value [1]. Bitcoin’s scarcity—only 94.8% of its 21 million supply is currently in circulation—combined with strong hodling behavior, where 70% of existing Bitcoin has not moved in at least one year, strengthens its appeal in this environment [2].

Bitwise acknowledges that volatility remains a key characteristic of the market, even with increased institutional participation. While the firm provides a range of price scenarios, it cautions that Bitcoin’s performance could be influenced by factors beyond its assumptions, including macroeconomic shocks or technological advancements like Layer-2 solutions [1]. The report does not constitute investment advice but serves as a data-driven analysis of current trends and assumptions in the Bitcoin market [3].

Source: [1] Bitwise Sees BTC Hitting $1.3M by 2035 (https://cointelegraph.com/news/dollar1-3m-bitcoin-by-2035-bitwise-thinks-so) [2] Bitwise Predicts $1.3 Million Bitcoin by 2035. Here's Why (https://coincentral.com/bitcoin-btc-price-prediction-bitwise-predicts-1-3-million-bitcoin-by-2035-heres-why/) [3] Bitcoin Over $1 Million: Bitwise Prediction Sets ... (https://www.mitrade.com/insights/news/live-news/article-3-1079912-20250829)