Bitwise Reveals “Shocking” Bitcoin Forecast for 2025 and 2029
Can Bitcoin Hit $1 Million? Bitwise Reveals “Shocking” Predictions For 2025 and 2029.
Cryptocurrency asset management firm Bitwise Asset Management , which manages a $5 billion portfolio , has just released its latest report with notable predictions about the future price of Bitcoin.
Bitcoin's Current Challenges
Based on the January 2025 Bitcoin Macro Investor Report , Bitwise highlights that Bitcoin is facing many short-term challenges, including:
Mass profit taking from investors after price increases.
The withdrawal of large institutions from the market.
High interest rate environment due to tight financial policy from the US Federal Reserve (Fed) .
Last month, the Fed cut interest rates by 25 basis points but signaled it would maintain high interest rates, adding pressure to Bitcoin.
Additionally, the appreciation of the US dollar and reduced global liquidity caused Bitcoin to underperform traditional markets like the S&P 500 .
Long-term Solid Support
Despite the difficulties, Bitwise's report asserts that Bitcoin's fundamentals remain strong thanks to:
Growing participation of ETFs.
Stockpiling from major financial institutions.
The increased demand from individual investors has made the supply of Bitcoin on the market increasingly scarce.
Key indicators such as rising network hashrate (transaction processing speed) and falling Bitcoin volume on exchanges also reinforce the positive outlook for Bitcoin.
Bold Prediction: Bitcoin Could Hit $1 Million
Bitwise gives two notable price points:
$200,000 by the end of 2025.
1 million USD by 2029.
They predict factors like Bitcoin halving , along with its status as a strategic reserve asset , will be key drivers of Bitcoin's price.
“Discount Is Opportunity”
In the short term, Bitwise experts say:
“Macro-driven price corrections can be good opportunities for investors to increase their Bitcoin holdings.”
This observation once again confirms the growing role of Bitcoin in the long-term asset portfolios of both institutional and individual investors.