Bitwise: Iran conflict suggests Bitcoin's potential market size may surpass gold

ME News Report, April 15 (UTC+8), Bitwise Chief Investment Officer Matt Hougan stated that if Bitcoin is ultimately widely used as a currency and store of value, its potential market size could exceed the $34 trillion gold market. Hougan pointed out that in a world where countries weaponize financial systems, Bitcoin is becoming a non-political alternative choice. He previously predicted that if Bitcoin captures 17% of the store of value market in the next ten years, the price could reach $1 million per coin; if it also takes on the role of international currency, the target price would need to be raised. Currently, Bitcoin’s market cap is about $1.4 trillion, and gold’s market cap is approximately $33.7 trillion. (Source: PANews)

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