Bitcoin Long-Term Capital Market Assumptions: 2025
San Francisco • Aug 21, 2025
As bitcoin continues gaining momentum with institutional investors, having a clear, data-driven long-term forecast is more essential than ever. This report provides the insights and estimates needed to understand how bitcoin could fit into investor portfolios over the next decade.
Key forecasts include:
Target price: $1.3 million by 2035
Compound annual growth rate: 28.3%
Average volatility: 32.9%
Average correlation to U.S. stocks: 0.39
Institutional investor allocations: 1% to 5% of portfolios
Bitwise Asset Management is a global asset manager specializing in crypto and onchain finance with a nine-year track record and more than $14 billion in client assets. The firm’s suite of over 70 investment products—spanning ETFs, option income strategies, model portfolios, DeFi vaults, tokenized funds, and staking—helps investors access opportunities across the financial frontier. Bitwise serves more than 5,500 private wealth teams, RIAs, family offices, and institutional investors, as well as 21 banks and broker-dealers. The company is headquartered in San Francisco, with offices in New York and London.
