Bitwise CIO: Bitcoin Price Could Hit $1.3 Million by 2035, Institutional Adoption to Drive Growth

August 9th, Bitwise CIO Matt Hougan stated in an interview with CoinDesk that by 2035, the price of Bitcoin could reach $1.3 million, with the main driving factor being the massive inflow of institutional funds.

Hougan pointed out that global institutions manage $100-200 trillion in assets, and even a 1% allocation to Bitcoin could bring in 1-2 trillion dollars, supporting the achievement of his price target. Retail investors have already pushed the crypto market from zero to a $2 trillion market cap, and in the next 10 years, institutional capital will drive growth, propelling the total market value to higher levels."