Bitwise raises Bitcoin price target to $1.6 million by 2036

Bitcoin price target — Asset manager Bitwise has raised its long-term price target for Bitcoin, projecting an average price of $1.6 million by 2036 and forecasting annualized returns of 34% over the next decade.

The firm outlined a wide range of potential outcomes in its updated forecast. Its bear case scenario sees Bitcoin reaching approximately $130,686 by 2036, while its most optimistic bull case projects a price of $3.67 million over the same period.

The new targets represent a significant increase from Bitwise’s previous long-term outlook, reflecting the firm’s updated analysis of Bitcoin’s adoption trajectory and its evolving role as a global asset. The projection hinges on continued institutional adoption and Bitcoin’s performance as a store of value.

The forecast of 34% annualized returns underscores the firm’s bullish stance on Bitcoin‘s long-term growth potential compared to traditional asset classes. The wide spread between the bear and bull cases highlights the significant volatility and uncertainty still inherent in long-term crypto market predictions.