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

AI desk brief

Bitwise’s $1.6 million BTC target for 2036 hinges mainly on Bitcoin taking 25% of the combined gold/Bitcoin store-of-value market, which the model says would expand from $31.1 trillion to $109.8 trillion by 2036. About 82% of the projected BTC value comes from that store-of-value assumption, leaving the forecast highly sensitive to gold competition.

The report says Bitcoin’s 90-day correlation with gold hit a record 0.58 on Sept. 11, and Bitwise assumes the relationship will deepen, with a 0.21 correlation over the next decade versus a 10-year average of 0.11.