Bitcoin could hit $1.6 million by 2036, Bitwise forecasts
Bitwise raised its Bitcoin price forecast to $1.6 million by 2036, citing institutional demand and limited supply. The firm projects a $109.8 trillion store-of-value market, with Bitcoin capturing 25%. Bitwise's base case assumes 2.5% penetration of national treasury reserves and US corporate treasuries, and 1% institutional investment. The firm's earlier forecast was $1.3 million by 2035. Bitcoin's price was $83,557 as of September 30, according to Bitwise.
How this was made
The 30-second read
Why it matters
The forecast signals a strong long‑term bullish case, which could influence institutional allocation decisions and market sentiment.
Market read
A new, high‑profile Bitcoin price target may affect crypto market pricing and institutional interest.
What to watch
Possible future regulatory crackdowns or technological disruptions could limit upside.
Background
Bitwise's 2027 Bitcoin Long‑Term Capital Market Assumptions outline a $109.8 trillion store‑of‑value market by 2036, with Bitcoin capturing 25%.
Ticker impact
Bitwise released a new long‑term Bitcoin price forecast of $1.6 million by 2036, updating its prior target.
likely upward pressure as traders price in higher long‑term expectations
A fresh, high‑profile target from a respected asset manager is new information that can shift market expectations.
Market effects
May boost demand for crypto‑related ETFs and custodial services.
Potentially stronger inflows into US and European crypto funds.
Adds to the narrative of Bitcoin as a long‑term store of value worldwide.
Counterpoint
Skeptics may view the target as unrealistic given regulatory and volatility risks.
Key entities
- companyBitwise Asset Management
Asset manager publishing the new Bitcoin price forecast.
