Bitwise report forecasts bitcoin to be the best-performing major institutional asset over the next decade, growing at a 34.3% compound annual growth rate driven by continued institutional adoption, increasing demand for hard asset exposure, and limited new supply.
SAN FRANCISCO, Oct. 28, 2026 /PRNewswire/ -- Bitwise Asset Management, a global crypto asset manager with $14 billion in client assets (as of September 30, 2026), today released its 2027 Bitcoin Long-Term Capital Market Assumptions, an annual report that provides institutional investors with a clear, data-driven forecast for bitcoin's expected returns, volatility, and corrections over the next decade.
Key Highlights From the Bitcoin Long-Term Capital Market Assumptions Report:
- Bitcoin is forecast to be the best-performing major institutional asset over the next decade. Bitwise projects the price will rise to $1.6 million by 2036—a 34.3% compound annual growth rate. That is roughly five times the forecast for U.S. equities (6.7%) and three times the next-best asset class, private equity (10.8%).
- Continued institutional interest will likely outpace the new supply of bitcoin. The World Bank estimates that institutional investors control roughly $147 trillion in assets, and Bitwise expects them to allocate 1% to 5% to bitcoin over the next decade. That implies $1.5 trillion to $7 trillion of demand, against only about $14 billion in new bitcoin per year.
- Bitcoin showed signs of maturing in 2026 through its volatile year. Though the 50% drawdown from bitcoin's October 2025 high to its June 2026 low was painful, it was significantly shallower than past peak-to-trough cyclical drawdowns, which saw bitcoin fall 86%, 84%, and 77%. This suggests a maturing asset with broadening institutional support.
- The four-year cycle will weaken over time. As the investor base broadens and becomes more institutional, the strength of the downturns will ebb—though investors should still expect a volatile, cyclical asset.
"We are more bullish on bitcoin today than we were last year. Everything that happened in the past 12 months—from the shallowness of the four-year pullback, to the continued progress on regulation, to the dramatic growth in demand for hard assets like gold—points to the continued long-term success of bitcoin. That's why we're boosting our 10-year target from $1.3 million to $1.6 million," said Matt Hougan, Chief Investment Officer at Bitwise.
Hougan added: "Over the past 17 years, bitcoin has grown from an unproven idea into a nearly $2 trillion asset that is increasingly owned by some of the most respected investors in the world. This early stage was the difficult part—now is when we watch it mature and flourish."
"Bitcoin will likely remain a volatile asset with sharp downturns, but all signs point to these swings weakening as institutional adoption deepens," said Ryan Rasmussen, Head of Research at Bitwise. "With institutional inflows, rising demand for store-of-market assets, and a limited supply, we expect bitcoin to be the best-performing major institutional asset in the world between now and 2036."
For more information, visit https://bitwiseinvestments.com/crypto-market-insights/2027-bitcoin-long-term-capital-market-assumptions.
Risks and Important Information
No Advice on Investment; Risk of Loss: Prior to making any investment decision, each investor must undertake its own independent examination and investigation, including the merits and risks involved in an investment, and must base its investment decision—including a determination whether the investment would be a suitable investment for the investor—on such examination and investigation.
Crypto assets are digital representations of value that function as a medium of exchange, a unit of account, or a store of value, but they do not have legal tender status. Crypto assets are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies, stocks, or bonds.
Trading in crypto assets comes with significant risks, including volatile market price swings or flash crashes, market manipulation, cybersecurity risks, and risk of losing principal or all of your investment. In addition, crypto asset markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing.
Crypto asset trading requires knowledge of crypto asset markets. In attempting to profit through crypto asset trading, you must compete with traders worldwide. You should have appropriate knowledge and experience before engaging in substantial crypto asset trading. Crypto asset trading can lead to large and immediate financial losses. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price.
The opinions expressed represent an assessment of the market environment at a specific time and are not intended to be a forecast of future events, or a guarantee of future results, and are subject to further discussion, completion, and amendment. The information herein is not intended to provide, and should not be relied upon for, accounting, legal, or tax advice, or investment recommendations. You should consult your accounting, legal, tax, or other advisors about the matters discussed herein.
Media Contact: Stephanie Dressler, stephanie@dlpr.com
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SOURCE Bitwise Asset Management
