
The CIO of Bitwise, Matt Hougan-an earnest man who looks like he once tried to trade baseball cards for wheat futures-leans back and declares that Bitcoin, bless its digital hide, still crawls in the cradle. Its full-cry price, he figures, lies somewhere north of seven brave figures.
A million-dollar btc? Sure, why not; the doorway to fairyland is always opening somewhere.
On a podcast titled When Shift Happens-as if change knocks politely-he imagines Bitcoinâs market cap swelling up big enough to arm-wrestle gold into second place.
âAnd I think once we hit the market cap of gold-yes, the yellow metal folks wear, bite, and occasionally bury in backyards-then we can jawbone about 5x, 3x, 2x. But until that day, men still tip their hats to gold, and thereâs a straight 10x waiting to hatch.â
Here Houganâs brow furrows the way a farmerâs does when the sky wonât rain. He produces a short list of humiliations suffered by all things physical: newspapers folded, DVDs boxed, billboards painted into irrelevance. He canât conjure one earthly product whose digital twin did not devour it whole.
âPhysical newspapers?â he chuffs. âBigger than digital?â
âDVD towers stacked to heaven? Squashed by a cloud.â
âGold stranded in vaults, counting ceiling tiles? Maybe next.â
So, he concludes, until Bitcoinâs heft equals goldâs, youâre not late-youâre still tying your shoes at the starting line đ. âYouâve got a clean 10x of breathing room before anyone can rightfully call you a bandwagon tourist,â he laughs, as though numbers were fruit set to ripen overnight.
In the final act of his sermon, Hougan swears that an army of pension funds, endowments, and blue-suited guardians will march over the hill carrying more than $1 trillion in wheelbarrows marked âportfolio rebalancing.â The crypto bazaar, newly minted cousin to global capital markets, has set the table; the institutions just need to find the chairs, loosen their ties and gnaw on the turkey leg called btc.
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2025-08-16 23:48