Bitcoin’s 2035 $1.3M Target: A Tale of Institutional Love & Scarcity 😏

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Key takeaways, dear reader:

  • Bitwise, with a twinkle in its eye, forecasts Bitcoin could fetch a princely £1.3 million by 2035 (28.3% annual returns-because who needs sleep?).

  • Institutions, the new darlings of crypto, are hoarding BTC like it’s the last scone at a tea party. Strategy leads the charge, while retail investors sip Earl Grey and sigh.

  • Supply? What supply? Bitcoin’s scarcity, coupled with hodlers’ stubbornness and macroeconomic chaos, is a recipe for price fireworks 🎆.

Crypto asset management’s finest, Bitwise, has penned a love letter to Bitcoin, predicting a £1.3 million price tag by 2035. All hail institutional demand and the unyielding grip of limited supply! 🙌

The report, part of their “Long-Term Capital Market Assumptions” (because short-term is so passé), claims Bitcoin will outpace equities (6.2%), bonds (4.0%), and gold (3.8%) with a 28.3% CAGR. Traditional assets, take note: you’re the punchline now. 💩

While Bitwise’s base case is £1.3 million, they’ve included scenarios for the optimists (bullish: £2.97 million) and the pessimists (bearish: £88,005). Why not throw in a “zombie apocalypse” scenario for good measure? 😂

Chief investment officer Matt Hougan and his merry band of analysts declare Bitcoin is no longer a retail playground. Institutions now call the shots, with Coinbase’s 75% institutional volume causing price swings like a toddler on a sugar high. 🍬

CryptoMoon reports institutions are gobbling BTC six times faster than miners can produce it. Supply-demand imbalances? More like a comedy of errors. 🤡

Corporate Bitcoin adoption is surging: 35 publicly traded firms now hoard at least 1,000 BTC each. MicroStrategy, the crown prince of accumulation, holds 632,457 BTC worth over £71 billion-because why not? 🏰

Bitcoin’s Scarcity & Macro Tailwinds: A Match Made in Financial Heaven 💘

With 94.8% of BTC already in circulation and issuance plummeting to 0.2% by 2032, Bitwise quips, “New Bitcoin? Please. We’re living in a world of scarcity and dreams.” 🌌

And let’s not forget the 70% of BTC untouched for a year-hodlers holding tighter than a Brit holds their tea. ☕

Meanwhile, US federal debt balloons to £36.2 trillion, with interest payments rivaling the cost of a small island. Fiat debasement? A perfect excuse to embrace Bitcoin’s “sound money” siren song. 🎶

The “perfect storm” of scarcity, institutional love, and macroeconomic panic is brewing. Miners produce 450 BTC daily, while institutions siphon 2,500 BTC every 48 hours. The market? A goldfish in a hurricane. 🐠🌪️

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2025-08-28 22:00