Bitwise Projects $1.6 Million Bitcoin by 2036. Does Gold Hold the Key?

Bitwise projected that bitcoin will reach $1.6 million by 2036, about 19 times its $83,557 starting price. The projection relies heavily on bitcoin capturing 25% of the store-of-value market it shares with gold; that segment accounts for about $27.5 trillion of the model’s $33.6 trillion total, or roughly 82% of the projected 2036 value. Bitwise expects the combined gold and bitcoin market to grow from $31.1 trillion to $109.8 trillion by 2036. In a bear case where bitcoin takes 2.5% of that market and other modeled markets contribute zero, the 2036 price would be $130,686.