Bitwise: "Bitcoin projected to rise an average of 28% annually over the next 10 years"

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Son Min

Summary

  • Bitwise reported that Bitcoin is expected to increase by an average of 28% annually over the next 10 years.
  • Matt Hougan, Bitwise CIO, predicted that Bitcoin will achieve the highest returns among major assets.
  • It was stated that institutional investors' interest and perception regarding Bitcoin's long-term outlook have changed significantly.

There is an outlook that Bitcoin (BTC) will rise by an average of 28% per year for the next 10 years.

On the 20th (local time), according to The Block, Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated in a report that "Bitcoin will record the highest returns among major assets over the next 10 years," and added, "It is expected to increase by an average of 28% annually, while volatility is expected to decrease."

He also said, "Since the beginning of this year, more than 12 asset management firms have asked us for reports on the long-term outlook for Bitcoin," and noted, "Institutions' perception of Bitcoin is changing significantly." It is known that from 2017 until last year, there were no requests for Bitcoin reports.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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