Bitcoin's $1.8M 2035 Prediction: Still on Track?

Recent market corrections and global trade uncertainties haven't deterred all analysts from maintaining a bullish outlook on Bitcoin. Joe Burnett, Director of Market Research at Unchained, reiterated his prediction of Bitcoin surpassing $1.8 million by 2035 during Cointelegraph's Chainreaction show on X.

Bitcoin's Long-Term Bullish Cycle

Burnett highlighted Bitcoin's ongoing long-term bullish cycle, suggesting it could rival gold's $21 trillion market capitalization within the next decade. He presented two models supporting this projection: a parallel model suggesting a $1.8 million price in 2035 and Michael Saylor's Bitcoin 24 model projecting $2.1 million.

While tariff uncertainty has dampened investor risk appetite, analysts remain optimistic about Bitcoin's (BTC) long-term potential. Burnett compared Bitcoin's technological advancements to the shift from horse-drawn carriages to automobiles, emphasizing its potential for significant market share growth.

Current Market Sentiment and Gold's Performance

Despite the bullish predictions, the current market shows some caution. The increased demand for safer assets, like gold, is evident in the surge of tokenized gold trading, which recently hit $1 billion, its highest in two years. Gold's year-to-date performance, exceeding 23% growth compared to Bitcoin's decline of over 10%, further highlights this trend. Investors, according to market analyst Enmanuel Cardozo of Brickken, are likely to maintain a cautious approach in the coming months, awaiting greater clarity on global trade negotiations.

Bitcoin's Resilience and Volatility

Burnett emphasizes Bitcoin's growing maturity as an asset, noting its decreasing volatility in both bull and bear markets. Although the possibility of another significant market downturn remains, he believes this would serve as an acquisition opportunity for long-term holders. He stated, "The highs bring attention, and the deep, bear markets move coins into the hands of the strongest, most convicted holders, as fast as possible."

Other analysts share this bullish sentiment. Arthur Hayes, co-founder of BitMEX, predicts Bitcoin could reach $250,000 by the end of 2025 if the Federal Reserve initiates quantitative easing.

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