Bitcoin to $1.6 Million: Bitwise Raises Its Long-Term Price Target
Bitwise raised its long-term bitcoin price forecast to $1.6 million by 2036, increasing its projected annual return despite a volatile year. The outlook rests on institutional adoption, limited supply, and growing demand for protection against currency debasement. Bitcoin’s $1.6 Million Target Implies 34.3% Annual Growth Bitcoin could reach about 19 times its model starting price […]
Key Takeaways
- Bitwise raised its long-term bitcoin price forecast to $1.6 million by 2036, increasing its projected annual return despite a volatile year.
- The outlook rests on institutional adoption, limited supply, and growing demand for protection against currency debasement.
- Bitcoin’s $1.6 Million Target Implies 34.3% Annual Growth Bitcoin could reach about 19 times its model starting price […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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