Bitwise’s Ryan Rasmussen Says Bitcoin Could Top $1 Million by 2030 as Institutional Inflows Grow
JH Kim
Summary
- Ryan Rasmussen of Bitwise said Bitcoin (BTC) could climb above $1 million by 2030.
- He said inflows from institutional investors could be a key driver of growth in the Bitcoin market.
- Rasmussen said that based on such institutional capital inflows, Bitcoin has ample room to extend gains over the long term.
Forecast Trend Report by Period
Bitwise’s Ryan Rasmussen said Bitcoin could surpass $1 million by 2030.
Cointelegraph reported on September 9 that Rasmussen, in an interview, said future inflows from institutional investors could be a key driver of growth in the Bitcoin market.
He said a full-scale influx of institutional capital could sharply expand demand for Bitcoin and alter the market’s structure.
Based on the prospect of broader institutional participation, Rasmussen said Bitcoin has significant room for further long-term gains.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.