Bitwise Chief Investment Officer Matt Hougan predicts that based on the value storage market expanding to $12.1 trillion and Bitcoin capturing a 17% market share, Bitcoin's price could reach $1 million within a decade. He points out that Bitcoin's primary use case is currently as "digital gold," and its limited supply and liquidity could drive prices higher than simple market share calculations would suggest.
Bitwise Chief Investment Officer Matt Hougan predicts that based on the value storage market expanding to $12.1 trillion and Bitcoin capturing a 17% market share, Bitcoin's price could reach $1 million within a decade. He points out that Bitcoin's primary use case is currently as "digital gold," and its limited supply and liquidity could drive prices higher than simple market share calculations would suggest.