CoinVoice has recently learned that, according to a report by Coindesk, a Bitwise analyst predicts that Bitcoin could become the best-performing institutional asset over the next decade, with its price climbing to 1.3 million dollars by 2035. Bitwise's new price prediction implies a compound annual growth rate of 28.3%, with returns exceeding most traditional assets, but the company warns that, even if the fluctuation trend is lower than in past cycles, volatility will still be a defining characteristic of the market.
Analysts led by Matt Hougan wrote that three forces will drive adoption and price rise. The first catalyst is the continued rise of Bitcoin as an institutional-grade asset. The second catalyst is the growing demand for exposure to hard assets in an inflationary environment, and the third catalyst is the fixed nature of its new supply.
Bitwise