Bitwise Predicts Bitcoin to Reach $1.3M by 2035 — 28.3% CAGR Fueled by Institutional Demand

Bitcoin price prediction from asset manager Bitwise frames a scenario-based valuation driven by rising institutional demand and Bitcoin’s constrained supply. In its “Bitcoin Long-Term Capital Market Assumptions” report, Bitwise models a base-case of roughly $1.3 million by 2035 — implying a ~28.3% CAGR over the next decade — alongside a bullish $2.97 million (39.4% CAGR) and a bearish $88,005 (2% CAGR). The study positions Bitcoin’s projected returns well above traditional benchmarks such as equities (~6.2%), bonds (~4.0%) and gold (~3.8%), while explicitly noting the asset’s ongoing volatility. Market participants should treat these outputs as probabilistic forecasts for portfolio analysis rather than definitive outcomes.