Bitcoin still on track for $1.8M in 2035, says analyst

Key Points

  • Bitcoin is projected to reach $1.8 million by 2035 despite global trade concerns, according to Joe Burnett from Unchained.
  • Analysts remain optimistic about Bitcoin's long-term prospects, with models suggesting it could rival or surpass gold's market capitalization.

Summary

Despite recent price corrections and global trade tensions, Bitcoin is still expected to reach a value of $1.8 million by 2035, according to Joe Burnett, director of market research at Unchained. Speaking on Cointelegraph’s Chainreaction live show, Burnett highlighted Bitcoin's long-term bullish cycle, suggesting it could potentially match or exceed gold's $21 trillion market cap within the next decade. He discussed two models: the "parallel model" predicting Bitcoin at $1.8 million, and Michael Saylor’s "Bitcoin 24 model" estimating $2.1 million by 2035. Burnett emphasized Bitcoin's technological superiority over traditional assets like gold, which could drive its value even higher. However, ongoing trade war fears have led investors to seek safer assets, with tokenized gold seeing a surge in trading volume. Despite Bitcoin's volatility, its growing maturity as an asset class is noted, with strong holders likely to benefit from future market drawdowns.

cointelegraph
April 12, 2025
Crypto
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