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Chayanika Deka

Bitwise CIO Matt Hougan Outlines Math Behind a Potential $1 Million Bitcoin Price Target

Bitwise CIO Matt Hougan argues that Bitcoin could reach $1 million if it secures around 17% of a projected $121 trillion global store-of-value market. He bases this on the market's historical growth, gold's expansion since 2004, and Bitcoin's fixed 21 million supply, while stressing that slower market growth or limited BTC adoption remain key risks. Hougan also notes that stronger demand for alternative stores of value could push Bitcoin prices even higher than his base case.
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