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Bitwise: Raises Bitcoin’s 10 annual target price to 1600000 USD

PANews October 28 news, Bitwise released the “2027 Bitcoin Long-Term Capital Market Assumptions” report, raising Bitcoin’s 10 annual target price from 1300000 USD to 1600000 USD(2036 year), corresponding to a compound annual growth rate of 34.3%, while the expected annualized returns for U.S. equities and private equity over the same period are 6.7%and 10.8%. Bitwise expects institutions to allocate 1%to 5%of their assets to Bitcoin over the next years, corresponding to 1500000000000 to 7000000000000 USD of demand. The report also notes that Bitcoin fell approximately 2025 annual October peak to 2026 annual June trough, a drawdown of approximately 50%, lower than the drawdowns of 86%、84%and 77%in previous cycles. Bitwise Chief Investment Officer Matt Hougan said, “We are more bullish on Bitcoin now than we were last year”.

Source: https://www.panewslab.com/zh/articles/01a18323-e18a-756e-8bb4-4b8f2717d4f9