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. 28, setting out a decade-long investment case that rests on Bitcoin gaining ground in several markets, led by its use as a store of value.

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