Bitwise CIO: $1 Million $BTC Is Math, Not Fantasy
Matt Hougan argues $BTC reaching $1 million is arithmetic, not speculation.
The global store-of-value market sits at $38 trillion and keeps expanding. $BTC competes with gold here. Fixed supply: 21 million coins.
14x from current levels reaches the target. Most analysts dismiss it using static math on a dynamic market.
Hougan: "$1 million sounded absurd — even to me. I no longer see it that way."