Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying
By Micah Zimmerman
AI summary of the source article
Bitwise Asset Management has raised its 2036 base-case bitcoin price target to nearly $1.6 million, up from $1.3 million. The projection is driven by expected institutional adoption, fixed supply schedules, and rising government debt.
Why it matters
A Federal Reserve capital proposal aimed at easing bank custody rules "could widen access for large institutions, if adopted."
Key facts
- Bitwise increased its 2036 base-case bitcoin target to $1,599,766, with a bear case of $130,686 and a bull case of $3.67 million.
- Bitwise estimates institutions managing $147 trillion could allocate 1% to 5% to bitcoin, representing $1.5 trillion to $7.4 trillion in purchases.
- U.S. spot bitcoin ETPs hold roughly $108 billion as banks and brokerages build custody and trading infrastructure.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying Bitwise raised its 2036 bitcoin price target to $1.6 million, projecting 34.3% annual growth on institutional demand and fixed supply. This post Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying first appeared on Bitcoin Magazine and is written by Micah Zimmerman .