Bitwise CIO says Bitcoin needs 17% of store-of-value market to reach $1 million

Bitwise chief investment officer Matt Hougan projects that Bitcoin could reach $1 million per coin over the next decade if it captures about 17% of the global store-of-value market. He bases this on gold and related assets continuing their long-term growth, even as Bitcoin’s recent price action has diverged from gold and drawn skepticism from some investors.