What if Bitcoin someday dethrones the dollar as the world's reserve currency? Once considered crazy, the idea is gaining credibility. According to Bitwise, a major crypto asset manager, BTC could reach a staggering one million dollars by 2035, potentially disrupting the global monetary balance.
Crypto asset management firm Bitwise forecasts that Bitcoin could reach $1.3 million by 2035. With soaring US debt and declining dollar purchasing power, BTC is establishing itself as the ultimate safe haven.
Bitwise predicts that institutional investors might allocate 1 to 5% of their portfolios to Bitcoin. This represents $1 to $5 trillion in capital inflows over the coming decade. With only 1.1 million BTC left to mine out of the maximum 21 million, Bitcoin’s scarcity will likely intensify future demand.
Traders expect Bitcoin, currently hovering around $112,500, to soon test the resistance level at $116,850. Looking further ahead, Bitwise forecasts a price of $1.3 million by 2035, with an optimistic scenario reaching $2.9 million.
With the programmed collapse of fiat currencies and growing institutional adoption, Bitcoin could well establish itself as an essential pillar of global finance in the years to come.
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