Matt Hougan, Chief Investment Officer at Bitwise, forecasts Bitcoin could hit $1.3 million per coin by 2035. This projection is based on Bitcoin's potential as a store of value, its competition with gold, and increasing institutional adoption. Hougan highlights three key factors driving this trajectory: rising government debt, a favorable regulatory environment, and the introduction of Bitcoin ETFs, which facilitate Wall Street investment. Hougan argues that Bitcoin is now considered a fundamental asset alongside stocks, bonds, and real estate. He also discusses the potential for Bitcoin to capture a significant portion of the global store-of-value market, positioning it as "digital gold." Despite political and market uncertainties, Hougan remains optimistic about Bitcoin's future, as well as Solana's potential for significant growth.
Bitwise's Matt Hougan Predicts Bitcoin Could Reach $1.3M by 2035
This content is for informational purposes only and does not constitute investment advice.
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