--- title: "Bitwise lifts 2036 bitcoin price target to about $1.6 million" description: "Bitwise Asset Management raised its 2036 base-case bitcoin price target to $1,599,766 from $1.3 million a year earlier, Bitcoin Magazine reported, citing the…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitwise-raises-bitcoin-target-1-c2aa835fbc64ba" published: 2026-10-28T15:10:03.000Z updated: 2026-10-28T16:14:02.000Z indexable: true --- # Bitwise lifts 2036 bitcoin price target to about $1.6 million Bitwise Asset Management raised its 2036 base-case bitcoin price target to $1,599,766 from $1.3 million a year earlier, Bitcoin Magazine reported, citing the… Attributed sources: [Bitcoin Magazine](), [The Block]() ## Key facts Bitwise Asset Management raised its 2036 base-case bitcoin price target to $1,599,766 from $1.3 million a year earlier, Bitcoin Magazine reported, citing the firm's 2027 long-term capital market assumptions. Bitwise projects a 34.3% compound annual growth rate from a roughly $83,557 price as of September 30, 2026, with a bear case of $130,686 and a bull case of $3.67 million. Evidence strength: Multiple publishers, 2 publisher group(s) (Bitcoin Magazine, The Block). After site detection, observed returns were 5 minutes: +0.04% (Oct 28, 2026, 15:10 → Oct 28, 2026, 15:15, UTC; Gate · USDT); 1 hour: -0.13% (Oct 28, 2026, 15:10 → Oct 28, 2026, 16:10, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.01% (OKX · USDT; cutoff Oct 28, 2026, 15:10, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.04% | +0.04% | 0.00 pp | Oct 28, 2026, 15:10 → Oct 28, 2026, 15:15 | Gate · USDT | | 1 hour | -0.13% | -0.13% | 0.00 pp | Oct 28, 2026, 15:10 → Oct 28, 2026, 16:10 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.01% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 28, 2026, 15:10 | ## Claims and open questions - Bitwise raised its 2036 base-case bitcoin target to $1,599,766 from $1.3 million, implying a 34.3% compound annual growth rate from about $83,557, Bitcoin Magazine reported. - Bitwise's bear case is $130,686 and its bull case is $3.67 million, according to Bitcoin Magazine. - Bitwise estimates institutions controlling about $147 trillion could allocate 1% to 5% to bitcoin, or $1.5 trillion to $7.4 trillion of purchases, and says the network issues about $14 billion in new coins per year, Bitcoin Magazine reported. - What assumptions underpin Bitwise's bear and bull scenarios, such as institutional allocation levels or volatility inputs, would require the full report to confirm. - How much of the projected institutional demand depends on the Federal Reserve capital proposal easing bank custody rules, which would need an adopted rule to confirm. ## Source evidence - [Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying]() — Bitcoin Magazine; published Oct 28, 2026, 15:07; received Oct 28, 2026, 15:10 (UTC). - [Bitwise raises bitcoin price target to $1.6 million by 2036, projects 34% annualized returns]() — The Block; published Oct 28, 2026, 16:07; received Oct 28, 2026, 16:08 (UTC). ## Recent BTC events and market reactions - [Bitcoin Core discloses low-severity undo file overflow bug and releases fixes]() — Published Oct 28, 2026, 04:00 (UTC) · Official source (1 publisher) · General news · 5m +0.07% - [Bitcoin Core fixes TCP urgent-data flaw affecting non-Linux nodes]() — Published Oct 28, 2026, 04:00 (UTC) · Official source (1 publisher) · General news · 5m -0.05% - [2026 crypto hack losses reach $2.35 billion, report shared with Bitcoin Magazine says]() — Published Oct 28, 2026, 17:43 (UTC) · Single source (1 publisher) · Security · 5m +0.14% - [Strategy shareholders approve daily dividends on four preferred stocks]() — Published Oct 28, 2026, 15:32 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.05% / 1h -0.03% - [Bitcoin Core fixes memory growth flaw affecting pre-BIP31 peers]() — Published Oct 27, 2026, 04:00 (UTC) · Official source (1 publisher) · Project updates · 5m +0.03% / 1h -0.13% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()