Bitwise manager Hougan showed the way for Bitcoin to reach $400,000 and a million
Matt Hougan, a manager at the US asset management company Bitwise, drew attention to Bitcoin's store of value feature in his evaluation from his X account. Hougan, who stated that the store of value market is growing every day, said that if Bitcoin grows in parallel, it could first reach $400,000 and then 7-digit figures.
Matt Hougan, known for his comments on Bitcoin, touched on one of the most debated topics of the recent period via X. Hougan, who stated that the dollar should not be expected to collapse for Bitcoin to rise, said that the largest cryptocurrency is a store of value and that this asset class is growing every day.
The $400,000 and a million claim…
Hougan, who stated that a financial advisor asked him whether the dollar needed to collapse for Bitcoin to reach $200,000, wrote the following:
“The answer is no. The US dollar does not need to collapse.
When you invest in Bitcoin, you actually proceed in 2 ways. Because Bitcoin is a store of value and because governments abuse fiat currencies and this benefits store of value assets…
These two arguments are separate. Bitcoin has 7% of the $18 trillion gold market. If it maintains its 7% share here and the store of value market triples, Bitcoin will be worth $200,000.
If Bitcoin grows and reaches 50% of the gold market, each BTC will reach a price of $400,000.
If both Bitcoin grows and the store of value market expands, then we are talking about 7-figure figures for Bitcoin”
Hougan also stated that he expects all these scenarios to happen at the same time, and that is why Bitcoin is actually moving towards new heights.
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