Bitwise sets $1.6 million bitcoin target for 2036 with 34% annualized return forecast

Bitwise raised its bitcoin price target to $1.6 million by 2036, projecting 34% annualized returns over the decade. Its bear case puts BTC at $130,686 by 2036, while the bull case reaches $3.67 million. The wide range shows how much long-term forecasts depend on assumptions, but the headline target is a strong vote of confidence that could support sentiment among long-term holders.