Bitcoin Predicted to Reach $1.8 Million by 2035: Insights from Unchained’s Joe Burnett

In a recent discussion on the Chainreaction livestream, Joe Burnett, the Market Research Director at Unchained, provided insights into the future of Bitcoin amid changing market dynamics. Despite ongoing price adjustments and heightened global trade tensions that have generally dampened investor enthusiasm, Burnett remains optimistic about Bitcoin’s trajectory. He presented two distinct models for Bitcoin price projections: the Parallel Model, forecasting a milestone of $1.8 million by 2035, and Michael Saylor’s Bitcoin 24 Model, suggesting a potential of $2.1 million. Both scenarios are deemed viable, with Burnett highlighting that external macroeconomic factors could propel Bitcoin even higher. He further noted that with gold’s current valuation at approximately $21 trillion, reaching a comparable market cap would elevate Bitcoin to a price of about $1 million per coin. Burnett asserts that Bitcoin’s superior technological attributes will eventually lead it to outpace gold’s market dominance.