Bitcoin (BTC) to reach $20 trillion market cap by 2035... What's the basis for the 10x surge prediction?

▲ Bitcoin (BTC)

A super bullish forecast has emerged, predicting that Bitcoin (Bitcoin, BTC) could reach a market capitalization of $20 trillion by 2035, growing 10 times its current level.

According to Benzinga on September 15 (local time), macro investor Dan Tapiero predicted on the Milk Road podcast that Bitcoin's market capitalization would reach $20 trillion by 2035. He stated, “10 times its current level.” He also assessed that Ethereum (Ethereum, ETH) and the broader cryptocurrency market have already passed their lows.

Tapiero cited US Treasury Secretary Scott Bessent's intervention in the dollar-yen exchange rate and US Treasury buybacks as the basis for the market bottom. He explained that when the dollar-yen exchange rate reached 163 yen, intervention occurred, causing the dollar to peak, gold to bottom out, and Bitcoin to follow suit. He analyzed that the US Treasury's bond buybacks had a loosening effect, supplying liquidity to the market.

He raised the long-term target size of the entire digital asset ecosystem to $50 trillion. In addition to Bitcoin's $20 trillion, he estimated the combined value of Ethereum and Solana (Solana, SOL) to be between $2 trillion and $10 trillion. The value of listed and unlisted digital asset-related companies is also projected to reach $20 trillion. When the digital asset ecosystem grew from approximately $300 billion when Tapiero launched his fund in 2019 to $4-$5 trillion by 2025, he changed the fund's name from 10T to 50T.

He identified AI agent-based finance as the next growth driver. Tapiero argued that in an AI environment where code directly transacts with code, blockchain could become a more natural payment infrastructure than traditional banking networks. Millions of AI agent transactions are already being processed on-chain in stablecoin protocols like x402. He predicted that the volume of such transactions could grow to hundreds of trillions of dollars over the next five years.

Tapiero's fund has invested $40 million in a private company developing wallet infrastructure for AI agents, with the transaction expected to close within weeks. Currently, the largest investments are in Kraken and Ledger. The fund focuses on growth-stage companies with annual revenues of $50 million to $100 million and potential for future IPOs.

[Article Key Summary]

-Dan Tapiero predicted that Bitcoin's market capitalization could reach $20 trillion by 2035, growing 10 times its current level.

-He estimated the combined value of Ethereum and Solana to be between $2 trillion and $10 trillion, and the value of digital asset-related companies to grow to $20 trillion.

-Tapiero foresaw AI agent finance as the next growth driver for blockchain, with related transactions potentially expanding to hundreds of trillions of dollars within five years.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*