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Bitwise: Iran conflict hints that Bitcoin's potential market size may surpass gold
ME News report, April 15 (UTC+8): Bitwise Chief Investment Officer Matt Hougan said that if Bitcoin is ultimately widely used as a currency and a store of value, its potential market size could exceed the gold market—$34 trillion. Hougan noted that in a world where countries weaponize the financial system, Bitcoin is becoming a non-political alternative. He previously predicted that if Bitcoin captures 17% of the store-of-value market within the next decade, the price could reach $1 million per coin; if it also takes on the role of an international currency, the target price would need to be raised accordingly. Currently, Bitcoin’s market cap is about $1.4 trillion, while gold’s market cap is approximately $33.7 trillion. (Source: PANews)