Bitwise: BTC for 1,300,000$ k 2035 - conservative forecast.

Investment Director #Bitwise Matt Hougan presented their internal model for assessing the fair value of BTC - and its conclusions are much more bullish than current market expectations. As has already been written, Bitwise is an issuer of spot crypto-ETFs and a stakeholder.

Key points of the Bitwise model:

- The target of 1.3 million $ k 2035 - is a conservative scenario. It is based on the assumption that the share of #BTC in the total market capitalization of gold will increase from the current approximately 9% to 25%. Even this is enough for BTC to confidently exceed 1 million $ per coin.

- The growth of gold strengthens the bullish scenario. Gold has been increasing in capitalization in recent years. This means that if BTC continues to "eat away" at gold's share, it will grow along with the expansion of the target market itself.

- Essentially, 1.3 million $ - is the lower bound. Hougan emphasizes: the model works even without considering other factors such as institutional liquidity, Bitcoin ETF expansion, global tokenization, and the rapid increase in demand from emerging markets.