Price Prediction
Bitwise CIO predicts Bitcoin could reach $30 trillion market value
Bitwise’s chief investment officer, Matt Hougan, said Bitcoin could eventually reach a $30 trillion market value by following gold’s growth trajectory. He noted that gold’s market cap expanded from roughly $2 trillion‑$2.5 trillion at the launch of the first U.S. gold ETF in 2004 to about $30 trillion today. Hougan compared this to Bitcoin’s estimated $2 trillion valuation when its ETFs launched in 2024 and suggested a similar expansion is possible. At the time of writing, Bitcoin was trading around $82,766 per coin. He referenced the SEC’s approval of spot Bitcoin investment products on Jan. 10, 2024, which gave U.S. investors a new exposure route. Hougan also cited a March 10 memo projecting a combined gold‑Bitcoin store‑of‑value market of $121 trillion in ten years, requiring Bitcoin to capture about 17 % of that pool. The CIO highlighted Bitcoin’s rising correlation with gold, now above 0.5 on a 90‑day rolling basis.