Bitwise lifts Bitcoin price forecast to $1.6 million by 2036

Bitwise has increased its Bitcoin price forecast to $1.6 million by 2036, setting a higher long-term target for the cryptocurrency as institutional demand grows.

The revised prediction centres on three factors: demand from institutional participants, Bitcoin’s limited supply and an expanding market. Bitwise cites that combination as the foundation for its updated outlook.

The $1.6 million figure is a forecast for Bitcoin’s future price, rather than a statement about its current trading value. The target is tied to 2036, placing the prediction on a long-term horizon rather than presenting it as a near-term price expectation.

Institutional demand is a central part of the rationale. Bitwise’s revision links the higher target to growing demand from this group of market participants, alongside the other factors it identifies.

Limited supply forms the second part of that assessment. The forecast considers Bitcoin’s supply constraints together with demand, rather than attributing the revised price target solely to institutional interest.

Market growth is the third cited factor. Bitwise’s outlook therefore combines its view of institutional demand with both the available supply of Bitcoin and the expansion of the market.

The revision raises the level of Bitwise’s price prediction, but the supplied details do not specify its earlier target or the size of the increase.

No intermediate price milestones are provided in the supplied information. The stated endpoint remains $1.6 million by 2036, with institutional demand, limited supply and market growth underpinning Bitwise’s forecast.