Bitcoin (CRYPTO: BTC) has the potential to reach $1 million by 2035, says Bitwise CIO Matt Hougan, but only if store of value market continues to grow the same manner for the past 20 years.
Path To $1 Million
In an Apr. 17 interview with CoinDesk, Hougan said Bitcoin is entering a long-term institutional adoption phase, driven by ETF growth, geopolitical instability and rising demand for “digital gold.”
He estimates Bitcoin could reach seven-figure valuations if it captures 15%–17% of the global store-of-value market, up from roughly 6% today.
Under that scenario, long-term price targets …