Bitwise: Iran conflict suggests Bitcoin's potential market size may exceed that of gold.

This article is machine translated
Show original
According to ME News, on April 15th (UTC+8), Bitwise Chief Investment Officer Matt Hougan stated that if Bitcoin is ultimately widely used as a currency and store of value, its potential market size could exceed the $34 trillion gold market. Hougan pointed out that in a world where countries are weaponizing their financial systems, Bitcoin is becoming a non-political alternative. He previously predicted that if Bitcoin captures 17% of the value store market within the next decade, its price could reach $1 million per coin; if it also assumes the role of an international currency, the target price would need to be revised upwards. Currently, Bitcoin's market capitalization is approximately $1.4 trillion, while gold's market capitalization is approximately $33.7 trillion. (Source: ME)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments