Crypto
Bitwise CIO says bitcoin could hit $1 million if it takes 15 percent of store-of-value market
Matt Hougan, chief investment officer at Bitwise, outlined what he called a conservative scenario in which bitcoin could rise above $1 million over the long term. He pegged the global store-of-value market at about $40 trillion, with gold at roughly $38 trillion and bitcoin at about $1.4 trillion. If the market keeps growing and bitcoin reaches a 15 percent share by 2035, he said it could reach $1 million.
