Bitwise CIO Hougan showed the way Bitcoin will go to $400,000 and a million

Matt Hougan, a manager at the US asset management company Bitwise, drew attention to Bitcoin’s store of value feature in his evaluation from his X account. Hougan, who stated that the store of value market is growing every day, said that if Bitcoin grows in parallel, first $400,000 and then 7-digit figures could be seen.

Bitwise CIO Hougan showed the way Bitcoin will go to $400,000 and a million

Matt Hougan, known for his comments on Bitcoin, touched on one of the most debated topics of the last period via X. Hougan, who stated that the dollar should not collapse for Bitcoin to rise, said that the largest cryptocurrency is a store of value and that this asset class is growing every day.

The $400,000 and million dollar claim…

Hougan, who stated that a financial advisor asked him whether the dollar needed to collapse for Bitcoin to reach 200 thousand dollars, wrote the following:

“The answer is no. The US dollar does not need to collapse.

When you invest in Bitcoin, you actually proceed in 2 ways. Because Bitcoin is a store of value and because states abuse fiat currencies and this benefits store of value assets…

These two arguments are separate. Bitcoin has 7% of the 18 trillion dollar gold market. If it maintains its 7% share here and the store of value market triples, Bitcoin will be worth 200 thousand dollars.

If Bitcoin grows and reaches 50% of the gold market, each BTC will reach a price of $400,000.

If both Bitcoin grows and the store of value market expands, then we will be talking about 7-figure figures for Bitcoin”

Hougan also stated that he expects all these scenarios to happen at the same time, and that is why Bitcoin is actually moving towards new heights.

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