According to CoinMeta, Bitwise Chief Investment Officer Matt Hougan stated that he expects the price of Bitcoin to reach $1.3 million by 2035, driven mainly by institutional investors. He pointed out that financial advisors, family offices, pension plans, and sovereign wealth funds are beginning to regard Bitcoin as a mainstream financial asset, and it is expected to attract trillions of dollars in capital over the next decade. Hougan believes that the current inflow of capital is already evident in the actions of large wealth management companies such as Morgan Stanley and Wells Fargo.