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Bitwise Raises Bitcoin Price Target to $1.6 Million as Institutional Demand Grows Bitwise raises its Bitcoin price prediction to $1.6 million by 2036, citing institutional demand, limited supply, and a growing market.
Ahmed Barakat Cryptonews · October 29, 2026 · 4d ago
Key points
Bitwise raised its 10-year Bitcoin target from $1.3 million to $1.6 million, implying a 34.3% compound annual growth rate, CIO Matt Hougan said. The October 28 report assumes a $110 trillion store-of-value market by 2036, with Bitcoin capturing 25% and institutions allocating 1%–5%. Bitwise's bear case puts Bitcoin at $130,686 by 2036 and its bull case near $3.67 million, after BTC fell over 50% from October 2025. AI summary of Cryptonews’s report, written only from the publisher’s text. Read the original for full context.
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AB Ahmed Barakat, Cryptonews
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