Bitwise sets a Bitcoin price target of $1.6 million for 2036
Bitwise Asset Management has published a long-term price target for Bitcoin of $1.6 million by 2036. It is maintaining its outlook despite the current market weakness and the slowdown in ETF inflows.
The firm's projection is based on Bitcoin gradually capturing a larger share of the global store-of-value market, currently dominated by gold. Bitwise acknowledges that gold continues to attract most of these investments today, but expects that balance to shift over the next decade as institutional adoption deepens.
The forecast comes as U.S. Bitcoin ETFs have seen inflows decline compared with their peak in early 2024. Bitwise presents the 2036 timeline as reflecting a multi-cycle view rather than short-term price expectations.
#etf #BTC #bitcoin #Bitwise #Market_Update $BTC $WBTC
Bitwise Asset Management has published a long-term price target for Bitcoin of $1.6 million by 2036. It is maintaining its outlook despite the current market weakness and the slowdown in ETF inflows.
The firm's projection is based on Bitcoin gradually capturing a larger share of the global store-of-value market, currently dominated by gold. Bitwise acknowledges that gold continues to attract most of these investments today, but expects that balance to shift over the next decade as institutional adoption deepens.
The forecast comes as U.S. Bitcoin ETFs have seen inflows decline compared with their peak in early 2024. Bitwise presents the 2036 timeline as reflecting a multi-cycle view rather than short-term price expectations.
#etf #BTC #bitcoin #Bitwise #Market_Update $BTC $WBTC
