Bitwise Raises Bitcoin Price Target to $1.6M by 2036, Publishes 2027 Bitcoin Long-Term Capital Market Assumptions

Bitwise report forecasts bitcoin to be the best-performing major institutional asset over the next decade, growing at a 34.3% compound annual growth rate driven by continued institutional adoption, increasing demand for hard asset exposure, and limited new supply.

SAN FRANCISCO, Oct. 28, 2026 /PRNewswire/ -- Bitwise Asset Management, a global crypto asset manager with $14 billion in client assets (as of September 30, 2026), today released its 2027 Bitcoin Long-Term Capital Market Assumptions, an annual report that provides institutional investors with a clear, data-driven forecast for bitcoin's expected returns, volatility, and corrections over the next decade.

Key Highlights From the Bitcoin Long-Term Capital Market Assumptions Report:

• Bitcoin is forecast to be the best-performing major institutional asset over the next decade. Bitwise projects the price will rise to $1.6 million by 2036—a 34.3% compound annual growth rate. That is roughly five times the forecast for U.S. equities (6.7%) and three times the next-best asset class, private equity (10.8%).
  
  
• Continued institutional interest will likely outpace the new supply of bitcoin. The World Bank estimates that institutional investors control roughly $147 trillion in assets, and Bitwise expects them to allocate 1% to 5% to bitcoin over the next decade. That implies $1.5 trillion to $7 trillion of demand, against only about $14 billion in new bitcoin per year.
  
  
• Bitcoin showed signs of maturing in 2026 through its volatile year. Though the 50% drawdown from bitcoin's October 2025 high to its June 2026 low was painful, it was significantly shallower than past peak-to-trough cyclical drawdowns, which saw bitcoin fall 86%, 84%, and 77%. This suggests a maturing asset with broadening institutional support.
  
  
• The four-year cycle will weaken over time. As the investor base broadens and becomes more institutional, the strength of the downturns will ebb—though investors should still expect a volatile, cyclical asset.

"We are more bullish on bitcoin today than we were last year. Everything that happened in the past 12 months—from the shallowness of the four-year pullback, to the continued progress on regulation, to the dramatic growth in demand for hard assets like gold—points to the continued long-term success of bitcoin. That's why we're boosting our 10-year target from $1.3 million to $1.6 million," said Matt Hougan, Chief Investment Officer at Bitwise.

Hougan added: "Over the past 17 years, bitcoin has grown from an unproven idea into a nearly $2 trillion asset that is increasingly owned by some of the most respected investors in the world. This early stage was the difficult part—now is when we watch it mature and flourish."

"Bitcoin will likely remain a volatile asset with sharp downturns, but all signs point to these swings weakening as institutional adoption deepens," said Ryan Rasmussen, Head of Research at Bitwise. "With institutional inflows, rising demand for store-of-market assets, and a limited supply, we expect bitcoin to be the best-performing major institutional asset in the world between now and 2036."

For more information, visit https://bitwiseinvestments.com/crypto-market-insights/2027-bitcoin-long-term-capital-market-assumptions.

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Media Contact: Stephanie Dressler, [email protected]

SOURCE Bitwise Asset Management