BlockBeats News, August 9th, Bitwise CIO Matt Hougan said in an interview with CoinDesk that by 2035, the price of Bitcoin could reach $1.3 million, with the main driving factor being the large-scale influx of institutional funds.

Hougan pointed out that global institutions manage $100-200 trillion in assets, and even a mere 1% allocation to Bitcoin could bring in 1-2 trillion dollars, supporting the realization of his price target. Retail investors have taken the crypto market from zero to a $2 trillion market cap, and in the next 10 years, institutional capital will lead the growth, propelling the total market cap to higher levels."