Bitcoin could hit $1.6 million by 2036, Bitwise forecasts

Bitwise has raised its long-term Bitcoin price forecast to $1.6 million by 2036, citing institutional demand, limited new supply, and growing demand for assets that can protect against currency debasement. Bitwise projects 34.3% annualized Bitcoin returns over its model’s 10-year period. The valuation assumes Bitcoin captures 25% of a projected gold-and-Bitcoin store-of-value market. ViaBTC’s Jeff Ko describes recent trading as an accumulation period, while flagging complacent positioning. Bitwise Asset Management released its 2027 Bitcoin Long-Term Capital Market Assumptions on Oct.