Unchained’s director of market research, Joe Burnett, shared his bold long-term price predictions for Bitcoin (BTC) on a Chainreaction livestream, suggesting that the digital asset could surge to $1.8 million by 2035 even amid recent market corrections and increasing global economic uncertainty.
Burnett introduced two forecast models during the program. The first, called the Parallel Model, pegs Bitcoin’s price at $1.8 million by 2035. The second, Michael Saylor’s Bitcoin 24 Model, is even more optimistic, predicting a price of $2.1 million over the same time frame.
“Both are good baseline scenarios,” Burnett said, adding that actual outcomes could exceed those estimates as macroeconomic changes accelerate.
Burnett noted that if Bitcoin were to reach a market cap on par with gold, which is currently valued at around $21 trillion, it could reach $1 million per coin. However, he argued that Bitcoin’s technological advantages give it the advantage of eventually surpassing gold’s market cap.
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“Bitcoin is the only absolutely rare asset in the world, no matter how much energy, capital or intelligence is put into it. There will only be 21 million coins,” he said.
Burnett outlined a radical vision for the next decade, driven by exponential advances in artificial intelligence and robotics:
“In 10 years or less, AI will do any white-collar job for $100 a year. Robotics will do any blue-collar job for the same price,” he said.
This, he argued, would lead to a glut of gold, housing and consumer goods, crashing traditional markets and driving down the value of the US dollar. He argued that even dominant stocks would lose their competitiveness in a world where AI could rapidly develop and implement superior alternatives.
While AI and robotics are potentially disrupting nearly every industry and store of value, from stocks like Nvidia and Apple to commodities like gold, Burnett argued that Bitcoin’s absolute scarcity gives it a unique and unshakable position in the global financial system.
This is not investment advice.