Analysts weigh in on Bitwise CIO Matt Hougan’s $1 million bitcoin call

Bitwise Asset Management CIO Matt Hougan suggests Bitcoin could reach $1 million per coin by capturing a larger portion of the global store-of-value market, currently dominated by gold and government bonds. He notes the store-of-value market has grown significantly, and Bitcoin currently represents only about 4% of it. Several analysts, including Eric Trump, Brian Armstrong, Jack Dorsey, and Cathie Wood, have also predicted a $1 million Bitcoin price, with timelines ranging from five to ten years. While agreeing with the potential for Bitcoin to reach this milestone, analysts emphasize that it depends on sustained institutional adoption, broader regulatory clarity, and macroeconomic shifts. The $1 million target serves as a benchmark for Bitcoin potentially rivaling gold as a store of value, and the debate centers more on the timing than the possibility itself.

(Source：CoinDesk)