Bitcoin Could Reach $30 Trillion Like Gold, Bitwise CIO Says
- —Hougan compared gold at its 2004 ETF launch ($2–2.5 trillion) with its current ~$30 trillion
- —Bitcoin's market value at its 2024 spot ETF launch was roughly $2 trillion
- —Hougan ranked investor behavior as the top risk, ahead of quantum threats
- —Bitcoin's correlation with gold topped 0.5 as of Aug. 31, the highest since 2020
Why it matters: A long-term growth thesis from a major asset manager reinforces institutional demand for spot bitcoin ETFs.
Source: Bitcoin.com