$1 Million Per Bitcoin? Bitwise’s CIO Says It Is Not A “Moonboy” Prediction
Bitwise CIO Matt Hougan argues that Bitcoin reaching $1 million is a plausible, mathematically-grounded prediction rather than speculative hype. He bases this on the growth trajectory of the global store-of-value market, which includes assets like gold and real estate and is currently valued at $38 trillion. This market has compounded at 13% annually over 20 years and could reach $121 trillion in a decade. For Bitcoin to hit $1 million, it would need to capture 17% of that market, up from its current 4% share. Institutional adoption, evidenced by record inflows into Bitcoin ETFs and involvement from major funds, supports this momentum. However, the thesis depends on continued market growth and Bitcoin’s ability to gain market share.
bitcoinist03/13 01:01
