Bitwise lifts bitcoin forecast to $1.6 million by 2036

Bitwise Asset Management has updated its long-term bitcoin assumptions, projecting the cryptocurrency could reach $1.6 million by 2036 while remaining a volatile asset with significant drawdowns, according to the firm’s published forecast material dated Oct. 28, 2026. In the source material, Bitwise says its newly updated "Bitcoin Long-Term Capital Market Assumptions" covers bitcoin’s expected return, volatility and correlations over the next decade. The firm’s key forecasts include a 34.3% compound annual growth rate, average volatility of 27.8%, average correlation to U.S. stocks of 0.43, and institutional investor allocations of 1% to 5% of portfolios. Bitwise also states it expects bitcoin to be the best-performing major institutional asset of the next decade. The company says the asset will remain volatile, though it expects drawdowns to diminish over time.

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