Bitcoin is projected to surpass $1.8 million by 2035, according to Joe Burnett, director of market research at Unchained. Despite recent market corrections and investor hesitance due to global trade tensions, Burnett asserts that Bitcoin is still in a long-term bullish cycle. He mentioned two models predicting Bitcoin's future value: one estimates it at $1.8 million, while another by Michael Saylor suggests $2.1 million. Burnett believes Bitcoin could eventually surpass gold's $21 trillion market capitalization citing its superior technological properties. He also pointed out that market volatility is decreasing, indicating Bitcoin's maturation as an asset class. Even with potential for an 80% drawdown in future bear markets, such events could represent buying opportunities for strong holders. Investors are currently cautious and are shifting toward safer assets like gold amid uncertainty in global markets.

Source 🔗