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Bitwise CIO Matt Hougan argues that analysts underestimate Bitcoin’s $1 million potential by ignoring the growth of the global store-of-value market.
In a recent memo, Hougan states the mistake most analysts make is ignoring this growth. If the global store-of-value market reaches $121 trillion in 10 years, Bitcoin only needs to capture 17% of it — up from its current ~4% — to be worth $1 million per coin.
Factors such as monetary policy shifts, geopolitical tensions, rising debt levels, and evolving wealth preservation methods continue to expand the store-of-value market, making this milestone more achievable than most assume.
