Bitcoin to $1.6 Million: Bitwise Raises Its Long-Term Price Target

Crypto Insight Summary: 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 […] Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Bitwise's higher target reinforces long-term institutional adoption and scarcity demand, but has little near-term effect.