Latest, hurry to see how high the price of Bitcoin will rise if the US buys it?

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A key aspect of Hougan's prediction depends on whether the US may establish a Strategic Bitcoin Reserve (SBR). In this regard, Hougan stated: "If we really establish a Bitcoin Strategic Reserve, and the government is buying Bitcoin, as proposed in the bill by Senator Lummis for the government to purchase one million Bitcoins, then a Bitcoin at $200,000 seems insignificant. You will see three or four Bitcoins at $500,000. This is a huge story because governments around the world have to do this."

Hougan admitted that he was initially skeptical about Trump's proposal to establish an SBR. "But this skepticism has not faded for months, and in fact, we continue to see leaders from the Trump administration express their openness to it," Hougan commented. The Bitcoin CIO still believes that the likelihood of the US government buying Bitcoin is less than 50%, but "not zero," he added. "If this happens, or if we start to see this happening in other countries, then you will see a collapse of Bitcoin, making 2024 seem quite bleak in comparison."

Hougan also emphasized the role of institutional platforms, specifically pointing out that Coinbase is a potential major beneficiary in the evolving crypto space. He noted: "Coinbase's current scale is about half that of Charles Schwab, and we believe it may surpass Charles Schwab in brokerage scale."

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