Bitcoin Could Reach $10 Million Per Coin by 2035 According to Research
Joe Burnett, Director of Market Research at Unchained, predicts Bitcoin could reach $10 million per coin by 2035 in his publication, The Mustard Seed. His analysis focuses on “time arbitrage” and major shifts in capital allocation towards assets with absolute scarcity.
- Burnett identifies two key transformations driving investment into Bitcoin:
- The "Great Flow of Capital" into scarce assets.
- The "Acceleration of Deflationary Technology" through AI and robotics.
- The global financial system, valued at approximately $900 trillion, faces dilution risks across traditional asset classes:
- Gold: $20 trillion, mined at ~2% annually.
- Real Estate: $300 trillion, expanding at ~2.4% per year.
- Equities: $110 trillion, profits diluted by competition.
- Fixed Income & Fiat: $230 trillion, subject to inflation.
- Bitcoin's fixed supply of 21 million coins makes it resistant to dilution, positioning it as a superior store of value.
- Burnett references models projecting Bitcoin prices at $1.8 million and $2.1 million by 2035 but considers these conservative.
- AI and automation are expected to significantly reduce costs across industries, enhancing Bitcoin’s purchasing power.
- Burnett estimates Bitcoin's market cap at $200 trillion represents only 11% of global wealth if growth continues at ~7% annually.
- As of now, BTC is trading at $83,388.
