Bitwise Raises Bitcoin Price Target to $1.6M by 2036
Bitwise Asset Management has increased its long-term Bitcoin price forecast to $1.6 million by 2036, citing institutional demand and limited supply.
Bitwise Asset Management has increased its long-term Bitcoin price forecast to $1.6 million by 2036, citing institutional demand and limited supply. Bitcoin (BTC) is trading at $80,732.00, up 0.3% since this brief published. This is an original TLT brief synthesising 4 outlets (Crypto Economy, The Cryptonomist, Crypto.news, and others), with their figures cross-checked, plus live market data, as of Wed, 28 Oct 2026 18:15:03 UTC.
This updated forecast reflects growing confidence in Bitcoin's potential to capture a significant share of the global store-of-value market, driven by institutional adoption and its scarcity as a deflationary asset. The projection underscores the asset manager's belief in Bitcoin's long-term value proposition amid macroeconomic uncertainty.
- Bitwise raised its 2036 Bitcoin price target to $1.6M from $1.3M.
- Projected compound annual return is 34.3% over the next decade.
- Forecast assumes Bitcoin will capture a larger share of the global store-of-value market.
- Current Bitcoin price is $80,460 with a market cap of $1.62T.
All three outlets - Crypto Economy, The Cryptonomist, and Crypto.news - agree that Bitwise has increased its 2036 Bitcoin price target to $1.6 million from $1.3 million, with a projected compound annual return of 34.3%. They also concur that this forecast is based on larger estimates for the global store-of-value and institutional investment markets, rather than a higher assumed share of these markets for Bitcoin. However, Crypto.news emphasizes institutional demand, limited supply, and currency debasement protection as key factors, while The Cryptonomist focuses on the base case assumptions and market dynamics.
Bitwise Asset Management has revised its long-term 
Bitcoin price forecast, raising the 2036 target from $1.3 million to $1.6 million. This updated projection, released on October 28, 2026, reflects the asset manager's growing confidence in Bitcoin's potential to capture a larger share of the global store-of-value market.
The forecast is primarily based on the expectation that the global store-of-value market will expand to $110 trillion, while institutional investment assets will grow to $303 trillion. Bitwise's base case scenario assumes that Bitcoin will increasingly be seen as a hedge against currency debasement and inflation, driving demand from institutional investors.
The Cryptonomist and Crypto Economy both highlight that the forecast is not predicated on a higher assumed share of the market for Bitcoin, but rather on the overall growth of the markets in which Bitcoin competes. Crypto.news emphasizes the role of institutional demand, limited new supply, and the asset's deflationary characteristics as key drivers of the price increase.
Bitwise's most optimistic scenario projects a Bitcoin price of $3.67 million by 2036. This range of projections underscores the significant potential upside the asset manager sees in Bitcoin, despite the inherent volatility and uncertainty in the cryptocurrency market.
As of the latest market data, Bitcoin is trading at $80,460, representing a 24-hour change of -0.02% and a 7-day change of -4.65%. The total cryptocurrency market cap stands at $2.76 trillion, with Bitcoin's market cap at $1.62 trillion. The Fear & Greed Index is at 51, indicating a neutral market sentiment.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from $80,460.00 to $80,732.00 — +0.34%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $77,500 in October?
Crowd-implied probability on Polymarket, $153.64K 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 28 17:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦111.87M (about $80,732.00), up 0.3% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
3 key figures independently matched across 3 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Bitwise Raises Bitcoin Price Target to $1.6M by 2036 — questions & answers
What is Bitwise's new Bitcoin price target for 2036?
Bitwise's new Bitcoin price target for 2036 is $1.6 million.
What is the projected compound annual return for Bitcoin?
Bitwise projects a compound annual return of 34.3% for Bitcoin over the next decade.
What factors are driving Bitwise's updated forecast?
Key factors include institutional demand, limited new supply, and the potential for Bitcoin to act as a hedge against currency debasement.
How much is 1 Bitcoin worth in naira today?
About ₦111.87M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $80,732.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.34% since this brief first published — trading at $80,732.00 now versus $80,460.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy, The Cryptonomist, Crypto.news, Bitcoin World, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.