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<p>BITWISE RAISES ITS BITCOIN TARGET TO $1.6 MILLION BY 2036, UP FROM $1.3 MILLION

The $14 billion asset manager's new 10-year forecast works out to a 34.3% annual return, about five times what it expects from US stocks. Its bear case is $130,686 and its bull case is $3.67 million.

The bet rests on institutions putting 1% to 5% of their portfolios into Bitcoin, which Bitwise says means $1.5 trillion to $7 trillion of demand against about $14 billion of new coins mined each year. https://t.co/WBdsrXhiYF</p>

BITWISE RAISES ITS BITCOIN TARGET TO $1.6 MILLION BY 2036, UP FROM $1.3 MILLION
The $14 billion asset manager's new 10-year forecast works out to a 34.3% annual return, about five times what it expects from US stocks. Its bear case is $130,686 and its bull case is $3.67 million.
The bet rests on institutions putting 1% to 5% of their portfolios into Bitcoin, which Bitwise says means $1.5 trillion to $7 trillion of demand against about $14 billion of new coins mined each year. https://t.co/WBdsrX

BITWISE RAISES ITS BITCOIN TARGET TO $1.6 MILLION BY 2036, UP FROM $1.3 MILLION The $14 billion asset manager's new 10-year forecast works out to a 34.3% annual return, about five times what it expects from US stocks. Its bear case is $130,686 and its bull case is $3.67 million. The bet rests on institutions putting 1% to 5% of their portfolios into Bitcoin, which Bitwise says means $1.5 trillion to $7 trillion of demand against about $14 billion of new coins mined each year. https://t.co/WBdsrXhiYF

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