#price-target

Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying

Asset manager Bitwise has updated its long-term forecast for Bitcoin, setting a target of $1.6 million by 2036. The aggressive valuation is driven by expectations of sustained institutional inflows coupled with Bitcoin's strictly capped supply. This updated price target underscores growing confidence among institutional investors regarding digital assets as long-term portfolio hedges.