Bitwise, a crypto asset manager, released an updated outlook on Oct. 28, projecting Bitcoin could reach $1.6 million by 2036. The firm's model attributes approximately 82% of this valuation to the growth of a combined gold-and-Bitcoin market. This forecast, based on a 34.3% annual return assumption, sharply contrasts with JPMorgan's recently introduced Bitcoin scenarios, which assume a 10% compound return.