Bitwise Chief Investment Officer Matt Hougan has suggested that Bitcoin (BTC) could reach six-figure valuations without the US dollar collapsing. Hougan noted in a post on October 29 that Bitcoin will establish itself as a “new store of value” and that governments will continue to misuse fiat currencies. This will increase demand for hard assets like BTC. Bitcoin’s market cap is currently around 7-8% of gold, but he said that BTC could mature to be half the value of gold, with one Bitcoin worth around $400,000. Share your thoughts in the comments.