#59 BITCOIN STRATEGIES
BITCOIN WILL HIT $1 MILLION BY 2029 🔮
Bitcoin is on track to hit $1 million by 2029.
“Bitcoin is well on its way to disrupting gold. That’s a $20 trillion market.
Add in international and cross-border transactions - another multi-trillion dollar market - and divide that by the number of Bitcoin…
At Bitwise, we think it’s going to cross $1 million by 2029.”-Matt Hougan
Matt lays out 3 key reasons behind his $1 million Bitcoin thesis:
1. Bitcoin is eating into gold’s market share - and fast.
2. It’s become a viable tool for global transactions.
3. ETFs are hoarding BTC at a pace that far exceeds new supply.
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