Bitwise raises its 10-year Bitcoin price target to $1.6M by 2036, citing institutional adoption and supply constraints.
Macro & Markets ·
Bitwise has raised its 10-year Bitcoin price target to $1.6 million by 2036, up from a prior target of $1.3 million. The revision corresponds to an annualized return of 34% over the decade. The asset manager attributed the increase to institutional adoption trends and constrained new Bitcoin supply.
The updated forecast reflects Bitwise's view that demand from institutional participants will outpace the limited rate at which new Bitcoin enters circulation. This supply-demand dynamic underpins the firm's longer-term valuation thesis rather than near-term price action or macro conditions.
The analysis remains a single firm's projection and does not indicate consensus among market participants or a shift in broader institutional positioning on Bitcoin's decade-ahead fair value.