Wall Street giant: Bitcoin is about to go wild, $200,000 or even $500,000 is not a dream

Odaily Odaily News: The largest cryptocurrency fund management company in the United States predicts that the establishment of a national reserve of Bitcoin could cause the price of the cryptocurrency to jump to as much as $500,000. Matt Hougan, chief investment officer of Bitwise Asset Management, said that if the United States creates a national Bitcoin reserve, he expects Bitcoin to have the potential to reach $500,000, which means that from the current price, Bitcoin has 380% upside. Hougan said that the United States' purchase of Bitcoin will prompt more countries to buy the cryptocurrency. Hougan said: "If a strategic reserve of Bitcoin is really established and governments start buying Bitcoin, then $200,000 Bitcoin will look outdated. You will see $300,000, $400,000, or even $500,000 Bitcoin. This is a big story because governments around the world will have to do this." (Jinshi)