Bitwise Raises Bitcoin Price Target to $1.6 Million as Institutional Demand Grows

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October 29, 2026

Bitcoin could reach $1.6 million by 2036, according to Bitwise latest forecast. The asset manager raised its target from $1.3 million despite Bitcoin’s difficult year. Chief Investment Officer Matt Hougan said the updated model points to stronger long-term growth. The new Bitcoin price prediction reflects expanding institutional demand and a larger market for store-of-value assets.

Bitwise published its 2027 Bitcoin Long-Term Capital Market Assumptions on October 28. The report projects a 34.3% compound annual growth rate over the next decade. Last year’s model projected annualized returns of 28.3%.