Bitwise raises bitcoin price target to $1.6 million by 2036, projects 34% annualized returns

Bitwise raised its bitcoin price target to $1.6 million by 2036, projecting 34% annualized returns. The bear case puts bitcoin at $130,686 by 2036, while the bull case reaches $3.67 million over the next decade. The revised forecast reflects growing institutional adoption and market maturity.