Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying

Article Micah Zimmerman Wednesday, 28 October 2026

Bitcoin Magazine

Bitwise raised its 2036 bitcoin price target to $1.6 million, projecting 34.3% annual growth on institutional demand and fixed supply.

This post Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Read the full story at Bitcoin Magazine ↗

This is the summary Bitcoin Magazine publishes in its feed. The full article lives on their site.

Article The Defiant 1h ago

WLFI Slides 11% on Election Night, Lags Bitcoin’s Recovery

World Liberty’s token remained 5.1% below its early-evening level by 5 a.m. ET, while bitcoin had recovered its losses.

Article Decrypt 1h ago

Judge Orders Bitcoin Wallet Returned to Family of Convicted Canadian Killer

A Nova Scotia judge found prosecutors failed to link William Sandeson's Bitcoin to the 2015 murder of fellow student Taylor Samson.

Article Unchained 1h ago

Moscow Exchange Details Clearing and Settlement for Bitcoin, Ether and USDT Trades

A Nov. 2 release from the Russian exchange group adds clearing, settlement and swap details to a launch date it first floated in October, and says pilot deals will come first. The post...

Article Cointelegraph 2h ago

Bitcoin ETFs lose $1.16B as Bitwise calls selling ‘short-term’

Bitwise’s André Dragosch attributed Bitcoin ETF outflows to weaker market sentiment, saying institutions have largely maintained their exposure.

Article Cointelegraph 4h ago

Bitcoin bounces from 7-week low under $76K as Democrats sweep Congress

Bitcoin price downside reached a seven-week-low of $75,618 as 24-hour crypto long liquidations neared $300 million.

Article The Defiant 5h ago

Block Reaches $964 Million DOJ Deal in Principle Over AML Lapses

Credits for prior regulatory resolutions would reduce the payment to about $764 million. Separately, bitcoin ecosystem gross profit fell 50%, primarily because of Cash App fee cuts.