1Bitwise Asset Management raised its 2036 base-case bitcoin price target to approximately 1.6 million dollars.
2The forecast is based on expected institutional adoption, fixed supply schedules, and rising global government debt.
3Bitwise noted that the recent market drawdown was the shallowest in the asset history at 53.4 percent.
4The report highlights increasing correlation with gold and improving institutional infrastructure like ETPs.
5Potential risks include a short historical track record, regulatory hurdles, and future quantum computing threats.
Key takeaway
Long-term asset managers are projecting significant growth for bitcoin over the next decade based on institutional demand, though future returns remain uncertain and subject to several technological and regulatory risks.
Short-term impact (days–weeks)
● NEUTRAL
Short-term prices may continue to navigate ongoing volatility and differing cycle floor predictions.
Medium-term impact (1–3 months)
▲ BULLISH
Medium-term sentiment could benefit from steady institutional inflows and expanding custody options.
Key risks
Long-term forecasts rely heavily on limited historical data.
Regulatory progress could stall due to political disagreements.
Future advancements in quantum computing pose cryptographic challenges.
High volatility remains a factor despite recent maturation signs.
Macroeconomic shifts could alter gold and bitcoin correlations.
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