🐂 Bitcoin at $1,300,000 — a conservative forecast?

CIO Bitwise presented a valuation model suggesting a $1.3m BTC price target by 2035 may be too conservative.

The model hinges on BTC’s market cap relative to gold increasing from about 9% today to around 25%. Even with that shift alone, the price could exceed $1 million per coin.

At the same time, the gold market is growing, expanding BTC’s potential market as well. With this trend, $1.3m looks more like a floor than an ambitious target.

Previously: crypto market growth by 10–20x.