Bitwise: 10-year Bitcoin price forecast raised from USD 1.3 million to USD 1.6 million

TechFlow news: On October 29, according to The Block, crypto asset management firm Bitwise raised its 10-year Bitcoin price forecast from USD 1.3 million to USD 1.6 million in the '2027 Bitcoin Long-Term Capital Market Assumptions' report released on Wednesday, and expects Bitcoin's compound annual growth rate over the period to be 34.3%. The report says the base-case scenario assumes Bitcoin will capture 25% of the global store of value market and 1% of institutional investment assets by 2036; the bear-case scenario is USD 130,686, and the bull-case scenario is USD 3.67 million.

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

Source: TechFlow