Bitwise raises Bitcoin price target to $1.6 million by 2036

The asset manager's updated long-term assumptions imply a 34.3% compound annual growth rate and call Bitcoin the decade's top institutional asset Bitwise Asset Management has a new number for Bitcoin, and it is a big one: $1.6 million by 2036. The figure comes from the firm’s updated Long-Term Capital Market Assumptions. It implies a 34.3% compound annual growth rate from Bitcoin’s current approximate price of $83,500. The update was published on October 28, 2026. It was authored by Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen. What Bitwise is actually projecting This is an upgrade, not a debut. Bitwise’s previous forecast called for Bitcoin to reach $1.3 million by 2035, which worked out to a 28.3% CAGR. The thesis rests on a familiar trio of arguments. First, Bitcoin’s supply is limited. Second, institutional adoption keeps growing. Third, rising sovereign debt and currency debasement risks are pushing investors toward hard assets. Bitwise frames the opportunity through what it calls the store-of-value market, defined as Bitcoin and gold combined. The firm expects Bitcoin to capture 25% of that market. The report also projects Bitcoin to be the best-pe...