Bitcoin (BTC) to $1 Million? Bitwise CIO Makes Epic Price Prediction
Portfolio Pulse from
Matt Hougan, Bitwise CIO, forecasts Bitcoin reaching $1 million by 2029, citing increasing institutional and corporate adoption. Key insights include growing financial advisor interest, potential market disruption in gold and international transactions, and ongoing challenges in wealth management platform approvals.
March 22, 2025 | 1:15 pm
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POSITIVE IMPACT
Bitwise CIO's $1 million price prediction by 2029 suggests significant growth potential, backed by increasing institutional interest and market adoption.
Hougan's detailed analysis highlights multiple factors supporting Bitcoin's potential growth: increasing institutional adoption (10-20% of financial advisors holding Bitcoin), corporate interest outpacing mining rates, and potential market disruption in gold and international transactions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100