Bitwise CIO Says Bitcoin Addressable Market Could Exceed Gold
Cointelegraph
Bitwise CIO Matt Hougan suggests Bitcoin could surpass gold's market value by functioning as both a store of value and a global currency.Summary
Bitwise Chief Investment Officer Matt Hougan argues that Bitcoin's total addressable market may exceed the $34 trillion gold market. While Bitcoin is traditionally viewed as a store of value, recent geopolitical tensions, such as discussions regarding its use as a currency for transit tolls in the Strait of Hormuz, highlight its potential as an apolitical global financial rail. Hougan suggests that if Bitcoin successfully acts as both a store of value and a widely used currency, existing price valuation targets—which previously estimated a potential $1 million per coin—may need to be revised upward.
(Source：Cointelegraph)