Bitcoin for $1.6 million? Partially Raises 2036 Price Target Despite Brutal Market Slowdown Partially increased its 10-year Bitcoin price target from $1.3 million to $1.6 million, citing a larger addressable market and potential market share for Bitcoin despite recent price declines. Bitcoin's forecast compound annual growth rate rose from 28.3% to 34.3%, driven by increased valuations for the store of value and institutional investment markets. Despite acknowledging the challenges, Partial noted bitcoin's growing correlation with gold and its growing market share in the store of value market, which has risen from less than 1% to more than 5% in the past decade.

Bitcoin for $1.6 million? Partially Raises 2036 Price Target Despite Brutal Market Slowdown Partially increased its 10-year Bitcoin price target from $1.3 million to $1.6 million, citing a larger addressable market and potential market share for Bitcoin despite recent price declines. Bitcoin's forecast compound annual growth rate rose from 28.3% to 34.3%, driven by increased valuations for the store of value and institutional investment markets. Despite acknowledging the challenges, Partial noted bitcoin's growing correlation with gold and its growing market share in the store of value market, which has risen from less than 1% to more than 5% in the past decade.