Bitcoin Price Prediction: Bitwise Forecasts $1.3 Million BTC by 2035 – Here’s Why

• Why Is Bitwise So Bullish on Bitcoin?
• The Fiat Ponzi Scheme’s Energy Problem
• Dollar Dominance on the Ropes?
• How Real Is the $1.3 Million Target?
• FAQ: Your Bitcoin Questions Answered

Bitwise, a leading crypto asset manager, has released a bombshell report predicting bitcoin could surge to $1.3 million by 2035. Their analysis hinges on macroeconomic trends like dollar devaluation, energy constraints, and shifting global reserve dynamics. While skeptics might dismiss this as hopium, Bitwise backs its claim with hard data – including Bitcoin’s fixed supply, institutional adoption via ETFs, and the accelerating debt crisis. Could this be the financial lifeline for those fleeing fiat’s sinking ship? Let’s dive in.

Why Is Bitwise So Bullish on Bitcoin?

Bitwise’s investment thesis centers on Bitcoin’s role as “digital gold” in an era of monetary debasement. Their analysts (who’ve nailed crypto calls before) argue that with U.S. debt ballooning to $36.2 trillion – half accumulated in just the last decade – traditional finance is playing with fire. “When countries drown in debt, currency devaluation becomes policy,” notes Ray Dalio. Case in point: The dollar’s purchasing power has eroded 40% since 2015. Bitcoin’s 0.8% inflation rate (halving to 0.4% in 2028) looks downright surgical by comparison.

The Fiat Ponzi Scheme’s Energy Problem

Here’s the dirty secret: Fiat systems need perpetual economic growth to avoid collapse. But growth requires energy – specifically oil, which peaked in 2007. “No oil, no growth. No growth, inflation goes brrr,” explains a BTCC market strategist. Bitwise stops short of predicting hyperinflation but warns dollar holders: “When even Elon Musk and a maverick U.S. president can’t curb spending, who can?” Their data shows gold and Bitcoin already leading asset classes since 2020 – a hedge trade gaining steam.

Dollar Dominance on the Ropes?

The report highlights a quiet revolution: 12+ nations now hold Bitcoin in reserves as BRICS nations ditch dollars. “We’re not saying the dollar will die tomorrow,” clarifies Bitwise, “but its monopoly is cracking.” Germany’s blunder – selling 50K BTC at $58K – looks especially foolish as the Czech Central Bank mulls BTC allocations. With reserve currencies historically lasting ~95 years (the dollar’s at 80), Bitcoin’s borderless nature makes it a prime successor.

How Real Is the $1.3 Million Target?

Bitwise’s math assumes:

• Institutions allocate 1-5% of their $100T portfolios to Bitcoin
• Current ETF holdings ($170B) are just the “first inning”
• 28% annualized returns fueled by supply scarcity (only 21M BTC ever)

Their bull case? $2.9M per BTC if adoption accelerates. That’s a 26x return by 2035. Even skeptics should note: Bitcoin’s outperformed every asset class for 13 of the last 15 years (data).