Bitcoin’s Million-Dollar Dream: Bitwise Lays Out The Path To $1 Million Per Coin
Bitwise CIO Matt Hougan outlines a path for Bitcoin to reach $1 million per coin, arguing it is transitioning into a major store-of-value asset similar to gold. The current store-of-value market is nearly $38 trillion, with Bitcoin holding under 4%. Hougan projects this market will grow to $121 trillion in a decade. In that scenario, Bitcoin would only need to capture about 17% market share to achieve a $1 million valuation. While acknowledging risks like stagnant market growth, he also suggests these estimates could be conservative if concerns over government debt accelerate demand for alternative assets.
bitcoinist03/11 13:29
