Bitwise CIO Matt Hougan suggests that Bitcoin could reach $200,000 without a collapse of the US dollar. He argues that if Bitcoin establishes itself as a store-of-value asset amid increasing government devaluation of fiat currencies, its price could rise significantly. Currently valued at 7-8% of gold's market cap, Hougan believes Bitcoin could mature to be worth half of gold's $18 trillion market cap, suggesting a value of around $400,000 per Bitcoin. If Bitcoin maintains its market share, a tripling of demand could push its price to $200,000. Furthermore, he predicts that if the store of value market doubles, Bitcoin could reach values in the seven-figure range. The rising demand for store-of-value assets is heightened by global economic uncertainties and geopolitical tensions, as evidenced by gold reaching an all-time high.

Source 🔗