{"id":38222,"date":"2026-03-16T09:15:33","date_gmt":"2026-03-16T09:15:33","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=38222"},"modified":"2026-03-16T09:15:33","modified_gmt":"2026-03-16T09:15:33","slug":"bitcoin-price-could-explode-to-1000000-based-on-these-reasonably-conservative-assumptions-says-bitwise-cio-matt-hougan","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=38222","title":{"rendered":"Bitcoin Price Could Explode to $1,000,000 Based on These \u2018Reasonably Conservative Assumptions,\u2019 Says Bitwise CIO Matt Hougan"},"content":{"rendered":"

\"\"<\/p>\n

The chief investment officer of Bitwise Asset Management says Bitcoin could reach $1 million under what he describes as \u201creasonably conservative assumptions.\u201d<\/p>\n

In a new memo titled \u201cHow Bitcoin Gets to $1 Million<\/a>\u201d, Matt Hougan argues that many analysts underestimate Bitcoin\u2019s long-term potential because they treat the global store-of-value market as static.<\/p>\n

Hougan says he evaluates Bitcoin as a digital store-of-value asset competing primarily with gold.<\/p>\n

Using that framework, estimating Bitcoin\u2019s potential price involves calculating the size of the store-of-value market, estimating Bitcoin\u2019s share, and dividing that value by Bitcoin\u2019s fixed supply of 21 million coins.<\/p>\n

Currently, the store-of-value market totals just under $38 trillion, according to Hougan, including roughly $36 trillion in gold and about $1.4 trillion in Bitcoin. That places Bitcoin\u2019s share of the market at slightly below 4%.<\/p>\n

At that size, Bitcoin would need to capture more than half of the market to reach $1 million per coin \u2013 a scenario Hougan says appears unrealistic if the market itself does not expand.<\/p>\n

However, he argues the key factor many investors overlook is that the store-of-value market has historically grown significantly.<\/p>\n

When the first US gold ETF launched in 2004, the gold market was worth about $2.5 trillion. Today, it has grown to nearly $40 trillion.<\/p>\n

If that growth trend continues, Hougan estimates the global store-of-value market could reach about $121 trillion within the next decade. In that scenario, Bitcoin would only need to capture around 17% of the market to reach $1 million per coin.<\/p>\n

Hougan acknowledges risks remain, including the possibility that the store-of-value market grows more slowly or that Bitcoin fails to gain significant share. But he argues the opposite outcome is also possible.<\/p>\n

\u201cAs I see it,\u201d Hougan says, \u201cthe base case \u2013 that the store-of-value market will continue to grow as it has, and bitcoin will continue to gain market share as it has \u2013 leads you to much, much higher prices than we have today.\u201d<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

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The post Bitcoin Price Could Explode to $1,000,000 Based on These \u2018Reasonably Conservative Assumptions,\u2019 Says Bitwise CIO Matt Hougan<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The chief investment officer of Bitwise Asset Management says Bitcoin could reach $1 million under what he describes as \u201creasonably conservative assumptions.\u201d In a new memo titled \u201cHow Bitcoin Gets to $1 Million\u201d, Matt Hougan argues that many analysts underestimate Bitcoin\u2019s long-term potential because they treat the global store-of-value market as static. Hougan says he […]<\/p>\n","protected":false},"author":1,"featured_media":38223,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-38222","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"\nBitcoin Price Could Explode to $1,000,000 Based on These \u2018Reasonably Conservative Assumptions,\u2019 Says Bitwise CIO Matt Hougan - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=38222\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Could Explode to $1,000,000 Based on These \u2018Reasonably Conservative Assumptions,\u2019 Says Bitwise CIO Matt Hougan - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The chief investment officer of Bitwise Asset Management says Bitcoin could reach $1 million under what he describes as \u201creasonably conservative assumptions.\u201d In a new memo titled \u201cHow Bitcoin Gets to $1 Million\u201d, Matt Hougan argues that many analysts underestimate Bitcoin\u2019s long-term potential because they treat the global store-of-value market as static. 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