TechFlow, April 12 — According to Cointelegraph, Joe Burnett, Director of Market Research at Unchained, said during the Chainreaction livestream that despite recent price corrections and declining investor risk appetite due to global trade tensions, Bitcoin still has the potential to reach $1.8 million by 2035.
Burnett presented two forecasting models: the Parallel Model predicts Bitcoin will reach $1.8 million by 2035, while Michael Saylor's Bitcoin 24 model forecasts $2.1 million. He described both as "solid base-case scenarios," with actual performance potentially exceeding these estimates depending on macroeconomic factors.
Burnett noted that the current gold market is valued at approximately $21 trillion, and if Bitcoin's market capitalization were to match that of gold, the price of a single Bitcoin would reach $1 million. He emphasized that Bitcoin's technological advantages are superior and that it will ultimately surpass gold in market cap.
