Bitwise’s Matt Hougan’s got laser eyes on Bitcoin’s next moon shot. Droppin’ a spicy prediction, he says the King Crypto ain’t done yet—even if it’s flexin’ near $90,000. Hougan’s pushin’ a bold thesis: BTC’s got way more gas in the tank, targetin’ a stratospheric $500,000. It’s early innings, he reckons, despite the FOMO already kickin’ in.
Post-Primary Pump Puts BTC on Blast
Bitcoin went full turbo-mode right after Donny T snatched the GOP primaries. The OG crypto cranked up 20% in a hot minute, leavin’ traders sweatin’. But Hougan’s callin’ for caution—he’s got his eye on a retrace before we sniff that $100K. “We’ve only just cracked open the door,” he buzzed to clients on a Tuesday night missive, sayin’ $500K is where the real game begins.
With the dollar gettin’ hammered and state debts risin’ like bread, Hougan’s bankin’ on a massive bid for hard-as-nails assets like Bitcoin and shiny gold. “Gold’s already got the cred,” he says, but Bitcoin’s still stealin’ the show with each institutional dip. Pension funds, hedge head honchos—every big-bag move in BTC still grabs eyeballs.
Bitcoin’s Key Stats to Stack Sats
- Hodler market sits at a jaw-droppin’ $20 trillion
- Gold gobbles $18 trillion of that pie
- Bitcoin’s slice? A modest $2 trillion
- State vaults stash 20% of global gold
- Bitcoin’s public bag? Barely 2%
Hougan’s blueprint is straight math. He’s pointin’ fingers at the gold bugs and whisperin’: if they pivot their bets to BTC, $500K’s within spittin’ distance. Central banks are the ones to watch, he says—they could be the moon fuel Bitcoin’s waitin’ for.
Uncle Sam’s Eyein’ a BTC Stash?
Crypto-friendly Senator Cynthia Lummis just lit up the discourse with a plan for a U.S. Bitcoin stash, to the tune of $80 billion. Hougan’s noddin’ hard, thinkin’ that kinda move would be a straight-up rocket launch for BTC. He’s even hintin’ $1 million per BTC ain’t sci-fi if Bitcoin gets the same love gold does in them old-school coffers.
Hougan’s keepin’ his peepers peeled on the ETF action, too—any green lights from the suits and regulators is all bullish fuel. But until Bitcoin’s cozy in every portfolio next to gold, he’s sayin’ the bull run’s still nappin’. The next few moves? Only for the HODLers with diamond hands.
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