Giant Investment Firm Bitwise Announces $1.3 Million Prediction for Bitcoin, Shares the Date

Cryptocurrency investment firm Bitwise predicts that Bitcoin will be the strongest-performing institutional asset in financial markets over the next 10 ￰0￱ to the company's report, the price of Bitcoin could reach $1.3 million by ￰1￱ bases this prediction on three key factors: Increased institutional demand: It is stated that Bitcoin will increasingly become an institutional investment vehicle, resulting in continuous net ￰2￱ need for protection against inflation: It is argued that the demand for “hard assets”, especially from institutional investors, will bring Bitcoin to the ￰3￱ supply: The fact that Bitcoin's new supply is extremely limited and inelastic is seen as the most important factor supporting the price in the long ￰4￱ News: Ethereum Founder Vitalik Buterin Gives Date for Potential Deadly Threat Facing Cryptocurrencies Bitwise notes that Bitcoin's compound annual return over the next decade could reach 28.3%, but that significant volatility will likely follow.

However, the company predicts that these fluctuations will remain below historical ￰5￱ report states that Bitcoin will maintain its low correlation with stocks, bonds, and other major asset classes, making the “four-year cycle” approach obsolete. However, potential regulatory and legislative risks, political uncertainty, and Bitcoin's relatively new nature are cited as the biggest ￰6￱ states that technological risks (e. g., those arising from quantum computing) are less likely, but should not be ￰7￱ company describes Bitcoin's transformation from “zero to a $2.4 trillion asset” in 16 years as the most critical threshold and describes the upcoming period as “the transition process from 1 to 100,” in the words of Peter Thiel. *This is not investment ￰8￱ Reading: Giant Investment Firm Bitwise Announces $1.3 Million Prediction for Bitcoin, Shares the Date