Bitwise CIO Makes a Straightforward Case for $1 Million Bitcoin

Bitwise’s Hougan makes the case for bitcoin to hit $1 million in 10 years

To reach a seven-figure price, bitcoin would need to capture more than 50% of the store-of-value market, “a very high bar” that “sounds unreasonable to many,” Hougan wrote, but noted there’s a point most...

Bitwise CIO Makes a Straightforward Case for $1 Million Bitcoin

Hougan argues that investors often underestimate bitcoin’s upside because they anchor to today’s store of value market instead of considering how much that market could grow over the next decade.

$1M Bitcoin 'Sounds Crazy,' but Bitwise CIO Says the Math Points Higher

Bitcoin could reach $1 million if it captures roughly 17% of a projected $121 trillion global store-of-value market, according to Matt Hougan, chief investment officer at Bitwise Asset Management. In a recent memo, he explained how long-term market expansion could support significantly higher prices for the digital asset. Math Behind The Target Hougan said the idea initially appears unrealistic because a $1 million valuation would require Bitcoi…

Bitwise CIO Says Bitcoin Could Hit $1 Million as It Challenges Gold’s Throne

Bitwise's Matt Hougan emphasized that Bitcoin could eventually reach $1 million per coin, noting that its long-term prospects are clearer.

Bitwise CIO Predicts $1 Million Bitcoin Within a Decade

Bitwise Asset Management’s chief investment officer, Matt Hougan, is making a compelling case for Bitcoin’s potential to reach $1 million per coin within a decade, challenging conventional wisdom and sparking debate within the investment community. His argument hinges on a nuanced interpretation of Bitcoin’s role as a store of value and its potential to capture a significant share of the broader… Source

Bitcoin Down 44% From Its Peak, But Bitwise Still Sees A Path To $1 Million

Central banks aren’t buying it. Billionaire investor Ray Dalio doesn’t trust it as a safe haven. And Bitcoin is trading 44% below its October peak while gold sits near all-time highs. That’s the backdrop against which Bitwise Asset Management’s chief investment officer is making the case that Bitcoin could still reach $1 million a coin within a decade. A Different Way To Run The Numbers Most people who shoot down the $1 million forecast do so by…