#Bitwise Predicts $BTC To Hit $1M by 2029


#Bitcoin could surge to $1 million by 2029, matching gold's market cap, according to Bitwise's head of European research, André Dragosch.

For 2025, Dragosch projects a "base case" of $200,000 for $BTC, potentially reaching $500,000 if the U.S. government proceeds with its Bitcoin acquisition plans.


The U.S. is exploring "creative ways" to fund $BTC investments, including tariff revenue and reevaluating the Treasury's gold certificates without selling gold.


Structural ETF inflows are expected to prolong this $BTC cycle, with Dragosch noting that U.S. wirehouses controlling over $10 trillion in customer assets have yet to fully open distribution channels for Bitcoin ETFs.


Currently, Bitcoin's $1.9 trillion market cap makes it the seventh-largest global asset, compared to gold's $21.7 trillion valuation.

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May 01, 2025 at 10:20 PM
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