BTC To Crush Stocks, Gold, Bonds To 2035, May Hit $3M: Bitwise

Bitcoin will be the next decade’s best-performing asset by a landslide, with the crypto potentially soaring to nearly $3 million by 2035, says $5 billion asset manager Bitwise.

In its latest research paper, Bitwise outlined three scenarios for Bitcoin’s price trajectory through 2035.

Even its most conservative base case sees BTC hitting $1.3 million in a decade with a 28.3% compound annual growth rate, demolishing the projected returns for stocks (6.2%), bonds (4%), and gold (3.8%) over the same period.

And in its bullish scenario, Bitwise sees Bitcoin soaring to a mind-blowing $2.97 million by 2035, a compound annual growth rate of almost 40%.

Bitcoin’s turbocharged growth will be powered by inflows from institutional adoption, rising demand for inflation hedges, and its limited supply, the asset manager said.

This chart from @BitboBTC… pic.twitter.com/OyfSKUr3zs

— Matt Hougan (@Matt_Hougan) August 28, 2025

Those predictions come after BTC tumbled more than 5% in the past month. The crypto king also slid 1% in the past 24 hours to trade at $111,285.66 as of 1:48 a.m. EST.

BTC price chart (Source: CoinMarketCap) 

Soaring US Debt, Central Bank Purchases, And Changing Global World Order Could Influence BTC’s Price

The asset manager highlighted rising debt levels, deficits, fiat currency debasement, and questions around the role of the US dollar in the global economy as factors that will likely influence BTC’s price over the next decade. 

It noted that US debt has ballooned from $650 billion to over $36 trillion in just fifty years, with half of the total accumulated in the past ten years.

“These trends are likely to increase demand for non-fiat hedges like gold and Bitcoin,” Bitwise said. “The recent performance of these hedges—both of which have outperformed all other major assets since 2020—suggests that investors are already positioned for this changing world.”

Institutional Embrace Of Bitcoin Supports The Long-Term Bullish Outlook

“In recent years, Bitcoin has emerged as a bona fide institutional asset,” Bitwise said. “What was once a niche alternative asset owned mostly by retail investors is now broadly discussed and analyzed by the largest financial firms in the world, and increasingly held by hedge funds, pensions, family offices, financial advisors, corporations, and sovereign wealth funds,” 

The institutional adoption of BTC was enabled by the approval of US spot Bitcoin ETFs (exchange-trade funds) in January 2024, which the firm says “made accessing Bitcoin safe, easy, and inexpensive for traditional investors.”

Since their launch, those products have recorded billions of dollars in cumulative inflows, with the product offered by Wall Street giant BlackRock pulling in the most capital. 

Data from Farside Investors shows BlackRock’s IBIT BTC ETF has seen more than $58.28 billion in cumulative inflows so far.

The growing institutional adoption is also evident by the rising number of public companies that are adding Bitcoin to their balance sheet, a trend that Strategy (formerly MicroStrategy) started back in 2020.

Since then, Strategy has continually accumulated the largest crypto by market cap to become the leading Bitcoin treasury company globally with its holdings of 632,457 BTC, data from Bitcoin Treasuries shows. 

Several other companies have since followed in Strategy’s footsteps, with 309 BTC treasury companies now in the market. Collectively, these companies hold 3.68 million BTC in their reserves.

The US leads in terms of the number of countries that hold Bitcoin, with 106 such entities. Canada, the UK, Japan, and Hong Kong make up the rest of the top 5 in this regard. 

BTC treasury market overview (Source: Bitcoin Treasuries)

While the approval of spot BTC ETFs was the “primary catalyst” for the institutional adoption, Bitwise said that “the transformation has accelerated because of multiple factors, including the pro-crypto regulatory shift in the US following the 2024 election.” 

Related Articles:

Best Wallet – Diversify Your Crypto Portfolio

• Easy to Use, Feature-Driven Crypto Wallet
• Get Early Access to Upcoming Token ICOs
• Multi-Chain, Multi-Wallet, Non-Custodial
• Now On App Store, Google Play
• Stake To Earn Native Token $BEST
• 250,000+ Monthly Active Users