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Bitcoin Could Reach $1M, Says Bitwise Chief

Published 3 weeks ago
Description

Matt Hougan, Bitwise investment chief, predicts Bitcoin could reach $1 million per coin in the next decade, without surpassing half of golds market. He suggests Bitcoin only needs to capture one-sixth of the growing store-of-value space, which could reach $121 trillion by then. Hougan believes Bitcoins price could soar to $1 million with a 17% share of the market. He attributes this potential growth to factors like ETFs, sovereign funds, and increased portfolio allocations. Despite recent price fluctuations, Hougan remains optimistic about Bitcoins future, despite critics like Ray Dalio favoring gold as the true safe haven.

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