Bitwise $1.6M Bitcoin target relies on massive gold market growth

Community Trust Score Verified 87 % Real Verified 15 votes Updated 6 minutes ago Bitwise projected a $1.6 million Bitcoin price for 2036 in an outlook released on Oct. 28, a figure that depends heavily on a combined gold-and-Bitcoin market reaching $109.8 trillion by that year. The asset manager’s forecast assumes a 34.3% annual return, a figure that diverges significantly from the 10% compound return assumption in JPMorgan’s Bitcoin scenarios introduced on Oct. 19. Applying JPMorgan’s lower return rate to Bitwise’s $83,557 September reference price for a ten-year period results in a value of approximately $216,725.

Source: The Currency Analytics