Bitcoin hits a new ATH above $93K, with Bitwise CIO predicting $500K per coin as the point where BTC becomes mature.
Bitwise CEO Matt Hougan is of the opinion that for Bitcoin to mature, it must capture a portion of gold’s market share.continues to shatter its own records. The latest one comes as BTC smashed past the $90,000 mark to peak at a new ATH of over $93,000.
Hougan emphasized that, in his view, Bitcoin will be considered “early” until it reaches a price of $500,000.
But, what would it take for Bitcoin to get on the same level as gold? Hougan drew comparisons with gold’s $18 trillion market to Bitcoins approximately $2 trillion, comprising the total $20 trillion store of value market. He pointed out that while governments hold around 20% of the world’s gold reserves, they control less than 2% of the global Bitcoin supply.
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