Bitwise Asset Management projects bitcoin to be the best-performing major asset over the next decade, forecasting a 28% compound annual growth rate alongside steadily declining volatility. In a preview of its upcoming Long-Term Capital Market Assumptions, Chief Investment Officer Matt Hougan highlighted that institutional interest is surging, with professional allocators now treating bitcoin as a “core” portfolio asset following the approval of spot ETFs.

The memo notes a dramatic shift: from zero institutional requests for long-term bitcoin models between 2017 and 2024 to a dozen this year alone. Hougan argues this marks bitcoin’s transition from a fringe speculation to a mainstream investment option. The firm emphasizes bitcoin’s low correlations with major asset classes, a trait prized for diversification, and positions its assumptions alongside Wall Street forecasts for equities, bonds, and real estate.

Bitwise will release the full report later this week, detailing methodology and comparisons to forecasts from JPMorgan, PIMCO, BlackRock, and Vanguard. With over $146 billion in bitcoin ETF assets and nearly 7% of bitcoin’s supply now held on-chain, the digital asset is securing a stronger foothold in global portfolios.