Bitwise Executive: Driven by ETF and Government Demand, Bitcoin May Reach 1 Million USD by 2029

According to Foresight News and a report by Cointelegraph, André Dragosch, Head of European Research at Bitwise, predicts that Bitcoin could reach 1 million USD by 2029, with a market capitalization surpassing that of gold (currently 21.70 trillion USD). His analysis points out that the base target price for Bitcoin in the 2025 cycle is 200 thousand USD, and if the U.S. government adopts a "budget-neutral" strategy to directly allocate Bitcoin, the price could rise to 500 thousand USD.