How high will Bitcoin go in the future? Matt Hougan is chief investment officer of Bitwise. His answer may surprise even the most optimistic cryptocurrency bulls.
Hougan, in an extensive interview with Cointelegraph outlined his Bitcoin long-term prediction: $1.3M per coin by the year 2035. The projection, which is far from being a guess, was based upon a comprehensive institutional report, which modeled Bitcoin’s use as a currency, its rivalry with gold, and its increasing institutional adoption.
Hougan claims that three factors have combined to change the trajectory of Bitcoin: a ballooning debt by governments, a favorable regulatory environment that is now in place, and Bitcoin ETFs, which are making it easier for Wall Street investors to invest.
Bitcoin) (BTCThe asset is no longer considered an ancillary one, but is instead considered to be a key component of global portfolios.
Bitcoin: Will it rival Gold? “digital gold?” Can it take a quarter share of the global market in the next decade? How resilient is the forecast against political unrest and volatility in the market?
Hougan answered these questions with aplomb, while we explored the bullish arguments he made for Solana. According to him, Solana has all the ingredients necessary for a successful future. “epic run” Year-end is the end and the possibility of becoming the “new Wall Street.”
Do you want to know his complete reasoning, what he thinks the threats are and how the institutions quietly shape the cryptoscape? Watch the full interview Now on to the Cointelegraph YouTube channel.
Related: Bitcoin bull cycle enters ‘late phase’ as profit-taking metrics spike
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Source: cointelegraph.com
