Bitwise CIO: Bitcoin Could Hit $1M Competing With Gold 📈 @Bitwise CIO Matt Hougan reiterated his $1M BTC price target, arguing the global store-of-value market could hit $121T in a decade, at which point BTC only needs 17% share to get there. > The global SoV market sits at ~$38T today, with gold at ~$36T and BTC at ~$1.4T, giving BTC just under 4% market share. > If the SoV market grows at its historical ~13% CAGR, it could reach $121T within a decade, at which point bitcoin only needs ~17% share to hit $1M. > Hougan points to spot BTC ETFs becoming the fastest-growing in history. > Bitcoin's declining volatility is pushing some professional investors toward 5% allocations, up from earlier 1% recommendations. > Hougan acknowledged risks but noted projections could prove "too conservative" if government debt and fiat debasement fears accelerate SoV demand. cc: @hongkim__ , @HHorsley , @Matt_Hougan