Summary
- Bitwise said Bitcoin (BTC) is expected to reach $1.3 million by 2035.
- Bitwise said it expects Bitcoin's annual average return to be 28.3%.
- Bitwise said Bitcoin could vary up to $2.97 million by 2035, or down to $88,005 in a bear market.
On the 28th (local time), according to Cointelegraph, a media outlet specializing in virtual assets (cryptocurrencies), crypto asset manager Bitwise said that Bitcoin (BTC) is expected to reach $1.3 million by 2035.
Bitwise forecast an annual average return of 28.3%. It also presented scenario-based projections, analyzing that in a bull market Bitcoin could reach up to $2.97 million by 2035, while in a bear market it could fall to $88,005.
Bitcoin is trading at $112,528.16, up 0.52% from the previous day on the Binance Tether (USDT) market as of 04:12 on the 29th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
