Bitwise: Raises Bitcoin 2036 Target Price to $1.6 million

October 28 - Bitwise raised its Bitcoin target price to $1.6 million by 2036 in its latest report, corresponding to a compound annual growth rate of about 34.3%. Driving factors include growing institutional demand, limited supply, and concerns over fiat currency depreciation.

The institution's previous forecast was for Bitcoin to reach $1.3 million by 2035.