Bitwise Raises Bitcoin Price Target To $1.6 Million

Bitwise estimates that bitcoin could reach 1.6 million dollars by 2036, with an annualized return of 34.3%. Behind this spectacular target, the scenario depends less on institutional purchases than on BTC’s ability to capture a much larger share of the global value reserve market.

In Brief

The 1.6 Million Dollar Mark Mainly Depends on a Transfer from Gold

Bitwise raises its previous target of 1.3 million dollars set for 2035. The manager now starts from a bitcoin valued at 83,557 dollars as of September 30, 2026, applying an average annual growth rate of 34.3% over ten years.

This projection does not rely on profits or cash flows, since bitcoin does not generate any. Bitwise rather estimates the future size of several markets in which BTC could take shares, before converting the resulting value into price per unit.