Bitwise Asset Management Chief Investment Officer Matt Hougan projects that Bitcoin will grow at an annual rate of 30% over the next decade. Based on this growth rate, Bitcoin's price is expected to surpass $1 million by 2030 and exceed $1.4 million by 2035. Bitwise, known for managing a $12 billion Bitcoin exchange-traded fund (ETF), highlights the increasing ease of buying Bitcoin the longer it is held, with historical data showing diminishing odds of price declines over extended periods. For instance, the probability of Bitcoin being down after one day is 47%, but it drops to virtually zero over a 10-year horizon. Additionally, historical monthly performance indicates April, November, and October as Bitcoin's strongest months, with average returns of +32.9%, +38.5%, and +27.3%, respectively, while September typically experiences a decline averaging -4.7%. In related cryptocurrency market news, BitMEX co-founder Arthur Hayes predicts that the token HYPE could increase 126-fold over the next three years, signaling strong market enthusiasm for certain altcoins.
The strength $HYPE is showing in this market is a magnificent sign we are headed to triple digits when the market really kicks up. Hyperliquid
#Bitcoin’s best months historically: April +32.9% November +38.5% October +27.3% Only September averages red at -4.7% https://t.co/StWyQZuf2M
Buying Bitcoin gets easier the longer you hold. ⏳ 📊 Odds of being down: 1 Day: 47% 1 Month: 42% 1 Year: 23% 3 Years: 0.7% 5 Years: 0.2% 10 Years: 0% Over time, Bitcoin is undefeated. 🟧 https://t.co/hrbP3vqpR0