Key Takeaways
- • Bitwise Asset Management raised its long-term Bitcoin price forecast to $1.6 million by 2036, according to the primary source report.
- • The forecast assumes Bitcoin captures 25% of a combined gold-and-Bitcoin store-of-value market projected to reach $109.8 trillion by 2036.
- • Bitwise expects Bitcoin to deliver annualized returns of 34.3% over the next decade, outperforming US equities and private equity in its projection.
- • Bullish drivers cited include growing institutional demand, limited new Bitcoin supply, and Bitcoin's role as a hedge against currency debasement.
- • Key risks flagged include regulatory changes, quantum computing, and advances in AI.
Summary
Bitwise Asset Management has increased its long-term Bitcoin price forecast to $1.6 million by 2036, according to the report published by Pluang. The projection rests on three main pillars: growing institutional demand for the asset, a constrained rate of new Bitcoin issuance, and Bitcoin's positioning as a store of value against currency debasement.
The model assumes Bitcoin will capture 25% of a combined gold-and-Bitcoin store-of-value market that is projected to reach $109.8 trillion by 2036. Within that framework, Bitwise expects Bitcoin to generate annualized returns of 34.3% over the next decade, which it argues would outpace US equities and private equity over the same period.
The report also identifies risks that could affect the outlook, including regulatory changes, the emergence of quantum computing, and advances in artificial intelligence. Bitwise nonetheless characterizes institutional adoption and regulatory progress as supportive of its bullish case.
For market context, Pluang data showed 35 of 50 tracked major cryptocurrencies rising and 14 falling on the day of publication, as of October 28, 2026, 23:22 WIB. Kusama (KSM) traded at Rp67.672 (-2.34%), The Sandbox (SAND) at Rp875 (+2.31%), and Dogecoin (DOGE) at Rp1.443 (+2.27%). These figures are provided for reference and do not form part of Bitwise's forecast.
The model assumes Bitcoin will capture 25% of a combined gold-and-Bitcoin store-of-value market that is projected to reach $109.8 trillion by 2036. Within that framework, Bitwise expects Bitcoin to generate annualized returns of 34.3% over the next decade, which it argues would outpace US equities and private equity over the same period.
The report also identifies risks that could affect the outlook, including regulatory changes, the emergence of quantum computing, and advances in artificial intelligence. Bitwise nonetheless characterizes institutional adoption and regulatory progress as supportive of its bullish case.
For market context, Pluang data showed 35 of 50 tracked major cryptocurrencies rising and 14 falling on the day of publication, as of October 28, 2026, 23:22 WIB. Kusama (KSM) traded at Rp67.672 (-2.34%), The Sandbox (SAND) at Rp875 (+2.31%), and Dogecoin (DOGE) at Rp1.443 (+2.27%). These figures are provided for reference and do not form part of Bitwise's forecast.
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