How tall is going to Bitcoin? For Matt Hougan, chief investment officer in Bitwise, the answer can surprise even the most -optimistic crypto bulls.
In a deep conversation with Cointelegraph, Hougan laid out his long-term forecasting for Bitcoin: $ 1.3 million per coin by 2035. Far from a wild prediction, this projection is based on a detailed report of the institutional role of Bitcoin role as a store of value, its competition in gold, and the growing wave of the institutional adoption.
Hougan argued that three factors were converting to reshape the trajectory of Bitcoin: the government’s uprising, a regulatory climate that turned from the angry to the favorable, and the advent of funds that Bitcoin (ETF) had exchanged, making it easier than Wall Street to invest.
In his words, Bitcoin (Btc) is no longer a fringe asset, and is now considered next to stocks, bonds and real estate as a major building block of global portfolios.
But is Bitcoin really on the track of gold rival as “digital gold?” Can it capture a quarter of the global store-of-value market over the next decade? And how is this forecasting elastic in the face of political uncertainty and volatility in the market?
We hit Hougan for these difficult questions, and we also explored his bullish case for Solana, which he described as having ingredients for an “epic run” by the end of the year and even the potential to become “new Wall Street.”
Do you want to hear his full reasoning, the dangers he sees ahead and how does the institutions quietly reshaping the crypto landscape? Watch the entire interview Now in Cointelegraph YouTube channel.
Related: The Bitcoin Bull Cycle enters the ‘Late Phase’ as metrics that draw income
