According to CoinMeta, Bitwise's Chief Investment Officer Matt Hougan stated that it is expected that by 2035, Bitcoin will reach a target of $1.3 million. He pointed out that global institutions control assets amounting to as much as $200 trillion, and just 1% of that allocation would be sufficient to achieve this goal. Retail investors have driven the cryptocurrency market from zero to $2 trillion, but to reach a target of $20 trillion in the future, it will depend on institutional capital.