🟠 Bitwise raises its bitcoin forecast to $1.6 million by 2036
Bitwise has updated its long-term target for bitcoin — it now expects it to reach $1.6 million by 2036. The forecast comes amid slowing ETF inflows and a broader market decline.
The main thesis: gold is still capturing most of the demand as a safe-haven asset, but Bitwise expects bitcoin to gradually take market share from it over the next decade.
$BTC
Bitwise has updated its long-term target for bitcoin — it now expects it to reach $1.6 million by 2036. The forecast comes amid slowing ETF inflows and a broader market decline.
The main thesis: gold is still capturing most of the demand as a safe-haven asset, but Bitwise expects bitcoin to gradually take market share from it over the next decade.
$BTC
