Bitwise Lifts Long-Term Bitcoin Price Target to $1.6 Million by 2036

Bitwise Asset Management has raised its base-case Bitcoin price forecast to approximately $1.6 million ($1,599,766) by 2036, up from its prior $1.3 million target. The updated outlook projects a 34.3% compound annual growth rate from baseline levels near $83,500, positioning Bitcoin as the anticipated best-performing major institutional asset over the coming decade. Bitwise expects Bitcoin to capture 25% of the global store-of-value market alongside gold, driven by institutional portfolio allocations of 1% to 5%. In alternate scenarios, the firm established a bull-case target of $3.67 million and a bear-case target of $130,686.