✉news BusinessCrypto first seen 1 d ago, last 12 h ago, peak #5
Bitwise Raises Bitcoin Price Target to $1.6 Million
Original: Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying
Asset manager Bitwise has lifted its long-term Bitcoin price forecast to $1.6 million, citing continued institutional buying of the cryptocurrency. The revised target reflects the firm's view that inflows from institutional investors remain a key driver of demand. The projection has drawn attention across crypto commentary as analysts debate whether institutional adoption can sustain such valuations.
Why now: Bitwise's dramatically raised Bitcoin forecast is grabbing attention amid ongoing institutional investment in crypto
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Evidence
- Bitwise Raises Bitcoin Target to $1.6 Million as Institutions Keep Buying · Bitcoin Magazine
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