⚡ INSIGHT: Bitcoin Could Hit $1M, Says Bitwise CIO
Matt Hougan argues Bitcoin could reach $1 million if it captures roughly 17% of the global store-of-value market over the next decade. $ETH
The thesis:
• 🌍 The store-of-value market (gold, real estate, bonds, etc.) is estimated in the hundreds of trillions of dollars $BTC
• 🪙 If Bitcoin secures ~17% of that market, its market cap could approach $20T+
• 📈 That would imply BTC around $1M per coin $BNB
Why proponents think this is possible:
• 🏦 Institutional access expanding via spot ETFs
• 💵 Growing demand for digital hard assets during monetary uncertainty
• ⛏️ Fixed supply of 21 million BTC
According to Hougan, the key variable isn’t just Bitcoin adoption — it’s whether the total store-of-value market itself continues expanding, allowing BTC to take a meaningful share. 🚀