According to Crypto Rover, Bitwise has stated that increasing institutional adoption may push Bitcoin's price beyond $1 million by 2029. This forecast is based on observed trends of growing participation from asset managers and corporate treasuries in the Bitcoin market, as cited in Bitwise's latest market outlook (source: Crypto Rover on Twitter, May 4, 2025). Traders should monitor inflows into Bitcoin ETFs and announcements from institutional investors, as these metrics are now seen as key indicators for long-term price momentum. Bitwise's analysis highlights the potential for significant upward price action if current adoption trajectories continue (source: Bitwise report, shared by Crypto Rover).