Bitwise: Ten-Year Bitcoin Price Forecast Raised from $1.3 Million to $1.6 Million

TechFlow reported on October 29, citing The Block, that crypto asset management firm Bitwise, in its Wednesday-published "2027 Long-Term Bitcoin Capital Markets Assumptions" report, raised its ten-year Bitcoin price forecast from $1.3 million to $1.6 million and projected an annualized compound growth rate of 34.3% for Bitcoin over the period. The report states that the base case assumes Bitcoin will capture 25% of the global store-of-value market and 1% of institutional investment assets by 2036, with a bear case scenario of $130,686 and a bull case scenario of $3.67 million.

Bitwise Chief Investment Officer Matt Hougan noted that the company is maintaining its market share assumptions unchanged but has raised its estimate of the global store-of-value market size for 2036 from $91 trillion to $110 trillion, and the institutional investment market size from $216 trillion to $303 trillion. The report also notes that Bitcoin's maximum supply is 21 million coins, with 20.1 million currently in circulation (accounting for 95.7%).