{"id":52319,"date":"2025-03-17T08:00:47","date_gmt":"2025-03-17T08:00:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=52319"},"modified":"2025-03-17T08:00:47","modified_gmt":"2025-03-17T08:00:47","slug":"bitcoin-to-10-million-experts-predict-explosive-growth-by-2035","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=52319","title":{"rendered":"Bitcoin To $10 Million? Experts Predict Explosive Growth By 2035"},"content":{"rendered":"

In a new publication titled The Mustard Seed, Joe Burnett\u2014Director of Market Research at Unchained\u2014outlines a thesis that envisions Bitcoin reaching $10 million per coin by 2035. This inaugural quarterly letter<\/a> takes the long view, focusing on \u201ctime arbitrage\u201d as it surveys where Bitcoin, technology, and human civilization could stand a decade from now.<\/p>\n

Burnett\u2019s argument revolves around two principal transformations that, he contends, are setting the stage for an unprecedented migration of global capital into Bitcoin: (1) the \u201cGreat Flow of Capital\u201d into an asset with absolute scarcity, and (2) the \u201cAcceleration of Deflationary Technology\u201d as AI and robotics reshape entire industries.<\/p>\n

A Long-Term Perspective On Bitcoin<\/h2>\n

Most economic commentary zooms in on the next earnings report or the immediate price volatility. In contrast, The Mustard Seed announces its mission clearly: \u201cUnlike most financial commentary that fixates on the next quarter or next year, this letter takes the long view\u2014identifying profound shifts before they become consensus.\u201d<\/p>\n

At the core of Burnett\u2019s outlook is the observation that the global financial system\u2014comprising roughly $900 trillion in total assets\u2014faces ongoing risks of \u201cdilution or devaluation.\u201d Bonds, currencies, equities, gold, and real estate each have expansionary or inflationary components that erode their store-of-value function:<\/p>\n

Gold ($20 trillion): Mined at approximately 2% annually, increasing supply and slowly diluting its scarcity.
\nReal Estate ($300 trillion): Expands at around 2.4% per year due to new development.
\nEquities ($110 trillion): Company profits are constantly eroded by competition and market saturation, contributing to devaluation risk.
\nFixed Income & Fiat ($230 trillion): Structurally subject to inflation, which reduces purchasing power over time.<\/p>\n

Burnett describes this phenomenon as capital \u201csearching for a lower potential energy state,\u201d likening the process to water cascading down a waterfall. In his view, all pre-Bitcoin asset classes were effectively \u201copen bounties\u201d for dilution or devaluation. Wealth managers could distribute capital among real estate, bonds, gold, or stocks, but each category carried a mechanism by which its real value could erode.<\/p>\n

Enter Bitcoin, with its 21-million-coin hard cap. Burnett sees this digital asset as the first monetary instrument incapable of being diluted or devalued from within. Supply is fixed; demand, if it grows, can directly translate into price appreciation. He cites Michael Saylor\u2019s \u201cwaterfall analogy\u201d: \u201cCapital naturally seeks the lowest potential energy state\u2014just as water flows downhill. Before bitcoin, wealth had no true escape from dilution or devaluation. Wealth stored in every asset class acted as a market bounty, incentivizing dilution or devaluation.\u201d<\/p>\n

As soon as Bitcoin became widely recognized, says Burnett, the game changed for capital allocation. Much like discovering an untapped reservoir far below existing water basins, the global wealth supply found a new outlet\u2014one that cannot be augmented or diluted.<\/p>\n

To illustrate Bitcoin\u2019s unique supply dynamics, The Mustard Seed draws a parallel with the halving cycle. In 2009, miners received 50 BTC per block\u2014akin to Niagara Falls at full force. As of today, the reward dropped to 3.125 BTC, reminiscent of halving the Falls\u2019 flow repeatedly until it is significantly reduced. In 2065, Bitcoin\u2019s newly minted supply will be negligible compared to its total volume, mirroring a waterfall reduced to a trickle.<\/p>\n

Though Burnett concedes that attempts to quantify Bitcoin\u2019s global adoption rely on uncertain assumptions, he references two models: the Power Law Model<\/a> which projects $1.8 million per BTC by 2035 and Michael Saylor<\/a>\u2019s Bitcoin model which suggests $2.1 million per BTC by 2035.<\/p>\n

He counters that these projections might be \u201ctoo conservative\u201d because they often assume diminishing returns. In a world of accelerating technological adoption\u2014and a growing realization of Bitcoin\u2019s properties\u2014price targets could overshoot these models significantly.<\/p>\n

The Acceleration Of Deflationary Technology<\/h2>\n

A second major catalyst for Bitcoin\u2019s upside potential, per The Mustard Seed, is the deflationary wave brought on by AI, automation, and robotics. These innovations rapidly increase productivity, lower costs, and make goods and services more abundant. By 2035, Burnett believes global costs in several key sectors could undergo dramatic reductions.<\/p>\n

Adidas\u2019 \u201cSpeedfactories\u201d cut sneaker production from months to days. The scaling of 3D printing and AI-driven assembly lines could slash manufacturing costs by 10x. 3D-printed homes already go up 50x faster at far lower costs. Advanced supply-chain automation, combined with AI logistics, could make quality housing 10x cheaper. Autonomous ride-hailing can potentially reduce fares by 90% by removing labor costs and improving efficiency.<\/p>\n

Burnett underscores that, under a fiat system, natural deflation is often \u201cartificially suppressed.\u201d Monetary policies\u2014like persistent inflation and stimulus\u2014inflate prices, masking technology\u2019s real impact on lowering costs.<\/p>\n

Bitcoin, on the other hand, would let deflation \u201crun its course,\u201d increasing purchasing power for holders as goods become more affordable. In his words: \u201cA person holding 0.1 BTC today (~$10,000) could see its purchasing power increase 100x or more by 2035 as goods and services become exponentially cheaper.\u201d<\/p>\n

To illustrate how supply growth erodes a store of value over time, Burnett revisits gold\u2019s performance<\/a> since 1970. Gold\u2019s nominal price from $36 per ounce to roughly $2,900 per ounce in 2025 appears substantial, but that price gain was continuously diluted by the annual 2% increase in gold\u2019s overall supply. Over five decades, the global stock of gold almost tripled.<\/p>\n

If gold\u2019s supply had been static, its price would have hit $8,618 per ounce by 2025, according to Burnett\u2019s calculations. This supply constraint would have bolstered gold\u2019s scarcity, possibly pushing demand and price even higher than $8,618.<\/p>\n

Bitcoin, by contrast, incorporates precisely the fixed supply condition that gold never had. Any new demand will not spur additional coin issuance and thus should drive the price upward more directly.<\/p>\n

Burnett\u2019s forecast for a $10 million Bitcoin by 2035 would imply a total market cap of $200 trillion. While that figure sounds colossal, he points out that it represents only about 11% of global wealth\u2014assuming global wealth continues to expand at a ~7% annual rate. From this vantage point, allocating around 11% of the world\u2019s assets into what The Mustard Seed calls \u201cthe best long-term store of value asset\u201d might not be far-fetched. \u201cEvery past store of value has perpetually expanded in supply to meet demand. Bitcoin is the first that cannot.\u201d<\/p>\n

A key piece of the puzzle is the security budget for Bitcoin: miner revenue. By 2035, Bitcoin\u2019s block subsidy<\/a> will be down to 0.78125 BTC per block. At $10 million per coin, miners could earn $411 billion in aggregate revenue each year. Since miners sell the Bitcoin they earn to cover costs, the market would have to absorb $411 billion of newly mined BTC annually.<\/p>\n

Burnett draws a parallel with the global wine market, which was valued at $385 billion in 2023 and is projected to reach $528 billion by 2030. If a \u201cmundane\u201d sector like wine can sustain that level of consumer demand, an industry securing the world\u2019s leading digital store of value reaching similar scale, he argues, is well within reason.
\nDespite public perception that Bitcoin is becoming mainstream, Burnett highlights an underreported metric: \u201cThe number of people worldwide with $100,000 or more in bitcoin is only 400,000\u2026 that\u2019s 0.005% of the global population\u2014just 5 in 100,000 people.\u201d<\/p>\n

Meanwhile, studies might show around 39% of Americans have some level of \u201cdirect or indirect\u201d Bitcoin exposure, but this figure includes any fractional ownership\u2014such as holding shares of Bitcoin-related equities or ETFs through mutual funds and pension plans. Real, substantial adoption remains niche. \u201cIf Bitcoin is the best long-term savings technology, we would expect anyone with substantial savings to hold a substantial amount of bitcoin. Yet today, virtually no one does.\u201d<\/p>\n

Burnett emphasizes that the road to $10 million does not require Bitcoin to supplant all money worldwide\u2014only to \u201cabsorb a meaningful percentage of global wealth.\u201d The strategy for forward-looking investors, he contends, is simple but non-trivial: ignore short-term noise, focus on the multi-year horizon, and act before global awareness of Bitcoin\u2019s properties becomes universal. \u201cThose who can see past the short-term volatility and focus on the bigger picture will recognize bitcoin as the most asymmetric and overlooked bet in global markets.\u201d<\/p>\n

In other words, it is about \u201cfront-running the capital migration\u201d while Bitcoin\u2019s user base is still comparatively minuscule and the vast majority of traditional wealth remains in legacy assets.<\/p>\n

At press time, BTC traded at $83,388.<\/p>","protected":false},"excerpt":{"rendered":"

In a new publication titled The Mustard Seed, Joe Burnett\u2014Director of Market Research at Unchained\u2014outlines a thesis that envisions Bitcoin reaching $10 million per coin by 2035. This inaugural quarterly letter takes the long view, focusing on \u201ctime arbitrage\u201d as it surveys where Bitcoin, technology, and human civilization could stand a decade from now. Burnett\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52319","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52319"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52319"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52319\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}