Bitcoin Could Reach $1 Million by 2029 Due to Institutional Adoption and Government Demand

Bitwise’s head of European research, André Dragosch, predicts that Bitcoin could reach a market capitalization exceeding $1 million by 2029. This prediction is based on the growing institutional adoption of Bitcoin and governmental interest in digital assets. According to Dragosch, these factors will push Bitcoin’s price beyond existing gold-market levels. He highlights that corporate investments in Bitcoin, as well as potential government involvement, are critical for this surge.