Bitwise CIO: Bitcoin fit reach $1,000,000 if e grab gold and Treasury dem store-of-value share

Bitwise Asset Management CIO Matt Hougan tok say Bitcoin (BTC) fit reach $1,000,000 per coin if e grab big chunk of the global store‑of‑value market wey dey now with gold, government bonds and other defensive assets. Hougan talk say the $1,000,000 na example long‑term endpoint wey depend on market‑share adoption, no be short‑term price prediction. E mention say the global store‑of‑value market grow from about $2.5 trillion for 2004 to roughly $40 trillion today; BTC now dey represent small single‑digit percentage of that pool. Analysts wey dem contact agree the thesis dey plausible but dem stress say the timing uncertain — adoption fit take years to decades and e depend on institutional inflows, regulatory clarity and macro developments. Supporting reasons wey dem cite include Bitcoin capped supply of 21 million, im appeal as neutral store of value during geopolitical stress, and the chance say people fit lose confidence for traditional safe assets. Critics and analysts caution say the $1M figure na shorthand for market‑share outcomes, no be immediate forecast. For traders, the remarks reinforce narrative catalysts to watch — institutional adoption signals, flows into spot and futures products, regulatory developments and macro risk events — but no be immediate market‑moving data.