A recent forecast from Bitwise Asset Management paints a picture of Bitcoin reaching $1.3 million in value by 2035. Key drivers cited for this prediction include burgeoning institutional adoption and the increasing demand for inflation-hedging assets. The capped supply of Bitcoin is seen as influencing its price trajectory over the long term. Bitwise Asset Management, known for their analytical approach, predicts a significant increase in institutional holdings of Bitcoin due to the potential for it to become a mainstream asset within finance. This projection has sparked discussions and will likely influence market strategies and investor expectations in the cryptocurrency industry.