Bitwise Raises Bitcoin Target to $1.6 Million by 2036
· macro · Sentiment: neutral
Bitcoin investment firm Bitwise has significantly raised its long-term price forecast, targeting $1.6 million per BTC by 2036. This projection is based on Bitcoin capturing a larger share of global wealth, institutional adoption, and its maturation as a store of value comparable to gold. The consensus across reporting highlights sustained bullish conviction in Bitcoin’s scarcity and growing demand drivers over the next decade. The key implication is that Bitcoin could deliver approximately 30x returns from current levels, reinforcing its potential as a core portfolio asset for long-term investors.