Bitwise predicts bitcoin could reach $1.6M by 2036
6.6 Markets Bitwise raised its 2036 bitcoin target to $1.6M, citing institutional demand, fixed supply, and rising government debt as key drivers for a projected 34.3% annual growth rate.
Bitwise Asset Management has increased its 2036 base-case price target for bitcoin to $1.6 million, up from $1.3 million last year, according to its 2027 Bitcoin Long-Term Capital Market Assumptions. This projection implies a 34.3% compound annual growth rate from the $83,557 price as of September 30, 2026. Bitwise’s bear case is $130,686, while its bull case reaches $3.67 million. The forecast is based on three main factors: continued institutional adoption, bitcoin’s fixed and predictable supply, and rising government debt encouraging investors to seek assets that cannot be printed. Bitwise estimates that institutions managing about $147 trillion could allocate 1% to 5% of their portfolios to bitcoin, resulting in $1.5 trillion to $7.4 trillion in potential purchases. With the network issuing around $14 billion in new coins annually, Bitwise argues that this supply-demand imbalance will drive prices higher. The model attributes most of bitcoin’s value to its share of the gold market, with institutional allocations and other markets adding further value. Bitwise expects bitcoin to be the best-performing major institutional asset over the next decade, though it will remain volatile, facing risks such as quantum computing, AI advances, and regulatory changes.
