Bitwise: "Bitcoin projected to rise an average of 28% annually over the next 10 years"
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.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit