HERE’S THE PATH TO $1M BITCOIN Bitwise CIO Matt Hougan says the path to $1M Bitcoin comes down to the size of the global store-of-value market. Today that market -- gold, #Bitcoin and similar assets -- is roughly $38T, with $BTC still a small share of it. But the market itself is expanding. If it grows to around $120T over the next decade, Bitcoin would only need to capture roughly 15–20% of that pool to reach seven figures. What drives that shift? 📊 Institutional adoption (ETFs, pensions, sovereign funds) 📊 Portfolio allocations rising from ~1% toward 5% 📊 Bitcoin continuing to compete with gold as a store of value In that framework, $1M Bitcoin is less about hype and more about market share.