Bitwise CIO: Bitcoin Could Reach $1 Million If It Captures Gold and Treasury Valuations as Store of Value

DeepFlowTech · 2026-03-15T14:11:48+00:00

Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin could potentially reach $1 million, provided that its market share expands and breaks through the dominance of gold and bonds. Geopolitical tensions and crises in traditional assets could accelerate Bitcoin's rise, but this target is expected to take a decade or longer to achieve.

DeepFlowTech

2026-03-15 14:11:48

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Deep Tide TechFlow News, March 15 — According to CoinDesk, Matt Hougan, Chief Investment Officer of Bitwise Asset Management, stated that if Bitcoin can capture a larger share of the global store of value market currently dominated by gold and government bonds, it could eventually reach $1 million per coin. Geopolitical tensions, potential crises in traditional “safe” assets, and Bitcoin’s fixed supply could accelerate its rise, but most believe this would take ten years or more rather than an imminent event. Analysts say that the $1 million target is more of a simplified statement of Bitcoin’s path toward maturity as a major global monetary asset rather than an exact prediction, and its outcome depends on long-term institutional adoption and the expansion of the store of value market.

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