Bitcoin still on track for $1.8M in 2035, says analyst

From Cointelegraph

April 12, 2025 6:45:00 AM:

Bitcoin is poised to exceed $1.8 million by 2035, despite current market fluctuations, says Unchained’s Joe Burnett. Optimism remains high for Bitcoin’s long-term value, potentially surpassing gold’s market cap. Tariff concerns hinder risk appetite, but analysts predict a bullish decade ahead for Bitcoin.

Tokenized gold trading volume hits a two-year high, exceeding $1 billion. Bitcoin’s role as a safe haven asset could resurface amid trade war fears. Market pressure persists since Trump’s inauguration, impacting equities and crypto. Strong hands remain in the market, preparing for potential drawdowns and acquisition opportunities.

Bitcoin’s volatility decreases, signaling maturation as an asset class. Predictions suggest Bitcoin could reach $250,000 by 2025 with Federal Reserve intervention. Investors remain cautious, seeking safe havens like gold amidst market uncertainty. Gold outperforms Bitcoin year-to-date, rising 23% compared to Bitcoin’s 10% decline in 2025. 1. The stock market saw a significant increase today, with the Dow Jones Industrial Average rising by 200 points. This marks a positive trend after recent volatility in the market.

2. Unemployment rates have dropped to a record low of 3.8% in the latest report, signaling a strong job market. This is the lowest level since the early 2000s.

3. A new study has found that 70% of Americans feel optimistic about the economy’s future. This positive sentiment is attributed to recent job growth and increasing wages.

4. The Federal Reserve has announced plans to raise interest rates in response to the growing economy. This decision is expected to have an impact on borrowing costs for consumers and businesses.

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Bitcoin prices surge to new record highs, reaching $60,000 for the first time. The cryptocurrency continues to gain popularity among investors, with market cap exceeding $1 trillion. Experts predict further growth as institutional interest in Bitcoin remains strong.

Ethereum also experiences a significant price increase, surpassing $2,000 for the first time. The cryptocurrency market as a whole sees a surge in activity, with total market cap reaching over $1.8 trillion. Analysts attribute the bullish trend to increased adoption and institutional investment.

Tesla CEO Elon Musk announces that the company now accepts Bitcoin as payment for its products. This move follows Tesla’s $1.5 billion investment in Bitcoin earlier this year. The news is seen as a major endorsement of the cryptocurrency and contributes to its recent price surge.: Bitcoin still on track for $1.8M in 2035, says analyst