BULLISH 📈 : Bitwise Predicts Bitcoin Reaches New Highs with Institutional Demand

Bitwise predicts Bitcoin could reach a new record by 2026 and potentially hit $1 million in the next decade. This outlook is based on changes in buyer demographics and purchasing methods.

Institutional Demand Rising

Bitwise's Research Director, Ryan Rasmussen, notes increased institutional interest with spot Bitcoin ETFs facilitating easier access for pension funds and fund managers.
These developments could introduce tens of billions into the market by 2026, mitigating past supply shock impacts.

Changing Impact of Halving

The traditional effects of the four-year Bitcoin halving are diminishing as market access broadens and investor diversity increases.
Recent interest rate changes and significant liquidations have influenced crypto dynamics, creating more complex price drivers.

Bitcoin Market Trends

Volatility Decreasing

Bitcoin's volatility has decreased over the past decade, making it comparable to major tech stocks in 2025.
This stability attracts institutional managers seeking predictable risk profiles and reduces correlation with US equities.

Current Market Conditions

Bitcoin recently fell below $80,000, trading around $75,000, marking a 35% drop from October 2025 highs.
Despite short-term volatility and market exits, Bitwise believes future buying through ETFs and brokerages will be less volatile than retail-driven swings.

Bitwise envisions a future where Bitcoin transitions from a speculative asset to a viable option for long-term wealth growth, driven by rising institutional demand and enhanced market access.