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.

Chinese electric vehicle makers are reshaping the global auto industry by securing profitability beyond price advantages, while many western rivals remain in the red despite heavy investment. Reports say Leapmotor, Nio and Xpeng have turned profitable, alongside BYD and others. Their edge is linked to vertical integration, battery supply-chain strength and new business models such as battery swapping. Western automakers face high transition costs and softer demand growth.