Bitcoin Forecast: $$$ or Clickbait? 😏

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So here we have Bitwise Asset Management, of all places, predicting that Bitcoin could be worth like a million three by 2035. It’s almost as if just by talking about it, they’re trying to convince themselves, aren’t they? 🤔

  • Bitwise reckons Bitcoin could hit a whopping $1.3M by 2035, topping out at a sunny $28T market cap. 🌞
  • Seems like the forecast is pinning its hopes on institutional inflows, inflation hedge magic, and that oh-so-scarce supply. 📈
  • But wait-there are risks like regulation and macro shocks lurking in the shadows, yeah, but somehow, those aren’t reason enough to doubt this… bullish bet?

According to Bitwise’s August report – no, not an astrological reading – they claim managing over $15 billion in assets qualifies them to predict Bitcoin hitting such lofty heights. That’s like predicting people will keep ordering Uber Eats after I’m gone… highly questionable logic! 👍

If things go as planned, BTC’s market cap-yes, cap-would explode to $28 trillion. For perspective: that’s more than twice the global gold market. Like, seriously? 🤯 Plus, Bitwise throws in extra just for fun: a bull case of $3 million and a bear case of $88K per coin. Guess what? Neither sounds too scientific. 💸

Despite sounding like a wild hunch, Bitwise hints that institutions are slowly moving Bitcoin from “It’s all hype and shiny” territory to something they’ll actually call “structural asset class.” Time will tell, I guess. 🚀

What’s propelling Bitcoin over the long haul?

The report singles out three major reasons for Bitcoin’s supposed triumph. First up: institutional adoption. Seems the big guns have started getting involved since, uh, 2024 somehow. Who is checking the calendar? These institutions now represent more than 75% of the trading action. 🖥️

As per Bitwise’s fancy charts, new curiosity about Bitcoin is eating up supply six times over. Corporate treasuries, pension funds, even whole countries are starting to buy in. It’s like Bitcoin is the new stock market darling, but without the boring meetings. 🎩

Next up: inflation hedges. Apparently, the U.S. debt and devaluing dollars are pushing folks to consider hard assets like Bitcoin, which is somehow considered a modern-day gold, albeit one that you can buy with your smartphone. If so much value was in lost pocket change, I’d have retired years ago; sadly, $10,000 from 2015 is basically ancient history. 💰

Finally, it’s all about that limited supply. Less than 1.1 million coins left to mine and post-halving rewards way down. Scarcity is supposedly the most crucial factor, as Matt Hougan, their chief investment officer, put it. As if we all hadn’t heard that one before. Coin scarcity is the secret sauce, folks! 🍔

Risks… but really?

Oh, Bitwise does mention risks-things like regulatory changes and macroeconomic shocks that might give us some tea. But their take remains unflappably bullish. Guess they see these risks as “no biggie”-worthy.

Even if Bitcoin faces a few wild rides-30-60% drawdowns sound pretty dramatic-Bitwise insists Bitcoin’s eventually going to be as mainstream as gold and U.S. Treasuries. Let’s just say it’s a bit like planning my ideal life at 130, uh, 2035. 📉

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2025-08-29 08:57