Unchained analyst: Bitcoin is expected to exceed $1.8 million by 2035

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MarsBit
04-12
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Mars Finance News, on April 12, JOE Burnett, Market Research Director at Unchained, stated in the Chainreaction live program that despite recent price pullback and reduced investor risk appetite due to global trade tensions, Bit is still expected to reach $1.8 million by 2035. Burnett proposed two prediction models: the parallel model predicts Bit will reach $1.8 million by 2035, while Michael Saylor's Bitcoin 24 model predicts it will reach $2.1 million. He believes these are both "good benchmark cases," and the actual trend may exceed these predictions due to macroeconomic factors. Burnett stated that the gold market is currently valued at approximately $21 trillion, and if Bit's market value reaches a level comparable to gold, the price of a single Bit would be $1 million. He emphasized that Bit's technical attributes are more advanced and will ultimately surpass gold's market value. (Cointelegraph)

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