Bitcoin To $10 Million? Experts Predict Explosive Growth By 2035

Joe Burnett, Director of Market Research at Unchained, has published a quarterly letter titled The Mustard Seed, which outlines a thesis that Bitcoin could reach $10 million per coin by 2035. Burnett's argument is based on two principal transformations: the "Great Flow of Capital" into an asset with absolute scarcity and the "Acceleration of Deflationary Technology" driven by AI and robotics. The global financial system, comprising roughly $900 trillion in total assets, faces ongoing risks of "dilution or devaluation" due to expansionary or inflationary components in traditional assets. Burnett sees Bitcoin as the first monetary instrument incapable of being diluted or devalued from within, with a fixed supply that can directly translate into price appreciation. He cites Michael Saylor's "waterfall analogy," where capital naturally seeks the lowest potential energy state, and Bitcoin provides a new outlet for global wealth that cannot be augmented or diluted. Burnett references two models that project Bitcoin's price to reach $1.8 million and $2.1 million per coin by 2035, but suggests these projections might be too conservative. The acceleration of deflationary technology, driven by AI, automation, and robotics, could lead to dramatic reductions in global costs, making goods and services more abundant and increasing purchasing power for Bitcoin holders. Burnett forecasts a total market cap of $200 trillion for Bitcoin by 2035, which would represent only about 11% of global wealth. He emphasizes that the road to $10 million does not require Bitcoin to supplant all money worldwide, only to absorb a meaningful percentage of global wealth. Burnett's strategy for forward-looking investors is to ignore short-term noise, focus on the multi-year horizon, and act before global awareness of Bitcoin's properties becomes universal.