Bitwise Chief Investment Officer Reiterates That Bitcoin Price Could Reach $1 Million in the Future

DeepFlowTech · 2026-03-11T00:48:59+00:00

Bitwise Chief Investment Officer Matt Hougan believes that Bitcoin has the potential to reach $1 million per coin and gradually become a competitor to gold. He pointed out that the global store of value market size is approximately $38 trillion, with Bitcoin currently accounting for $1.4 trillion. If the market continues to grow at a compound annual growth rate of 13%, Bitcoin would only need to capture 17% of the market share in the next ten years to reach the expected price.

DeepFlowTech

2026-03-11 00:48:59

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Deep Tide TechFlow News, March 11 — According to The Block, Bitwise Chief Investment Officer Matt Hougan reiterated that Bitcoin could reach $1 million per coin, believing that Bitcoin is increasingly becoming a competitor to gold in the global store of value market.

In a memo released on Tuesday, Hougan stated that the current global store of value market size is approximately $38 trillion, with gold accounting for about $36 trillion and Bitcoin about $1.4 trillion. Bitcoin currently makes up only about 4% of this market. He pointed out that since 2004, the store of value market has been growing at an approximate compound annual growth rate of 13%. If this growth continues, the market could reach about $121 trillion in the next ten years. At that point, Bitcoin would only need to capture about 17% of the market share to reach a $1 million price per coin.

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