After an ice -cold shower in early April Bitcoin (BTC) Now warm up for a new rally-at least according to the crypto analyst Joe Burnett. In a CoinTelegraph podcast, he explained that BTC could reach or even exceed the market value of gold in the long term.
Joe Burnett is the director of market research at Unchained, a company that, among other things, grants loans based on Bitcoin. Although more and more investors exchange their cryptocurrencies for precious metals, Burnett does not consider this necessary. He predicts that Bitcoin could be worth $ 1.8 million in ten years.
Optimism for the future of Bitcoin
The trade conflict between the USA and China ensures tensions in politics and business. Nevertheless, Burnett is optimistic about the long -term development of Bitcoin. In his opinion the Cryptocurrency In a long -term bull cycle.
The analyst made a historical comparison in the show. At the beginning of the 20th century, cars replaced horse -drawn carriages as a main means of transport. Burnett expects a similar development between Bitcoin and Gold:
“Ultimately, the automotive industry became much more valuable than the horse industry. Gold is currently representing a market value of around $ 21 trillion. If Bitcoin reaches this value, a BTC would already be worth $ 1 million today.”
Two models for Bitcoin forecast
For his ten-year forecast, Burnett not only referred to the story. He also used two different models to predict the long-term Bitcoin course. In the cointelegraph podcast, he commented on this as follows:
“There are two models that I find interesting if you think about where Bitcoin could stand in ten years. The first is the ‘parallel model’, which forecasts about $ 1.8 million in 2035. The second is Michael Saylor’s model, which starts with $ 2.1 million in 2035.”
The analyst goes one step further. He not only describes his forecasts as realistic, but possibly even as careful. It is conceivable that BTC achieved a value of over $ 2 million in 2035.
🎙Could Bitcoin Really Hit $ 10m BY Q1 2035? Perhaps.
But First, We Need to Unravel the Tangled Web of the Markets This Week, and for Both Discussions, @rkbaggs and @gazza_jenks Are Joined Today by Joe Burnett (@Iiicapital) on the #Chainreaction show! https://t.co/hfyewgucsh
– cointelegraph (@coinelegraph) April 11, 2025
Good news for Bitcoin and gold
Despite the uncertainties on the financial markets, gold investors are good. The gold price reached a market value of $ 21 trillion (18 trillion euros) historical high. In addition, trading with tokenized gold rose to a record volume of over $ 1 billion.
Data from Trading view show that gold is in great demand. This year the price of the precious metal increased by 23 percent – more successful than Bitcoin, the course of which dropped by 10 percent in the same period.
Investors are looking for stability and therefore increasingly grab (digital) gold products. At the same time, the volatility of Bitcoin decreases both in rising and in falling markets. That does the cryptocurrency according to the burnette To a “more mature” investment form:
“The big rashes attract attention, but they are the deep bear markets in which the ‘strongest hands’ buy and hold Bitcoin.”
Last weekend, Bitcoin rose to the highest course in weeks. On Saturday, the cryptocurrency reached a value of $ 86,000-the highest level since April 2. The cryptoma markets exploded after Donald Trump announced a 90-day break during the import duties.
This analyst also believes in Bitcoin
Burnett is not the only crypto analyst with an optimistic forecast. Arthur Hayes, co -founder of Bitmex, shares his assessment. After the turbulent year of 2025, many investors act carefully. Nevertheless, Hayes is convinced that BTC will be worth at least $ 250,000 by the end of 2025. In a post with the title “The BBC” wrote the entrepreneur and investor: among other things:
“If my forecast is right, the minimum of $ 76,500 is already behind us. My goal is $ 250,000 by the end of the year. Yes, forecasts in this market are difficult to make exactly exactly, but if I have to choose whether BTC first reaches $ 76,500 or $ 110,000, I would set 110,000.”