Bitcoin will need 17% of ‘store of value’ market to hit $1M: Bitwise
Bitcoin doesn't need to take 50% of gold's market share to reach one million dollars per coin if one is looking into the next 10 years, argues Bitwise's Matt Hougan.
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Bitcoin doesn't need to take 50% of gold's market share to reach one million dollars per coin if one is looking into the next 10 years, argues Bitwise's Matt Hougan.
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Bitcoin can hit a price of $1 million per coin even with "reasonably conservative assumptions," Bitwise CIO Matt Hougan argued. Here's why.
Matt Hougan bitcoin would only need to capture roughly 17% of the global store-of-value market to reach $1 million.
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.