Fund Manager Says Bitcoin Will Crush Gold, Hit $1 Million By 2029
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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Matt Hougan, Chief Investment Officer (CIO) of Bitwise Asset Management, delivered a striking long-term forecast for Bitcoin on the latest episode of the Coinstories podcast. Speaking with host Nathalie Brunell, Hougan outlined why he believes that BTC will not only disrupt gold but also climb as high as $1 million per coin by 2029. He attributed this bullish prediction to rapid institutional adoption, emerging regulatory clarity, and persistent long-term demand outstripping new supply. Why Bitcoin Could Hit $1 Million By 2029 During the interview, Hougan pointed to the dramatic impact of spot Bitcoin exchange-traded funds (ETFs) as a primary factor behind institutional inflows. He described the surge in new capital after the ETFs launched in January 2024 as far larger than most analysts anticipated. “Before the Bitcoin ETFs launched, the most successful ETF of all time gathered $5 billion dollars in its first year,” he said. “These [Bitcoin] ETFs did thirty-seven billion.” He added that this astonishing pace of inflows could continue, largely because “fewer than half of all financial advisers in the US can even have a proactive conversation” about investing in Bitcoin at present. Once constraints are lifted and more advisers are permitted to recommend Bitcoin to their clients, he expects an even bigger influx of assets. Related Reading When asked about competition among top ETF providers, Hougan stressed that BlackRock’s entry into the space ultimately benefits the entire industry by boosting overall participation. He highlighted how…
Filed under: News - @ March 21, 2025 2:28 pm