Bitcoin’s Million-Dollar Dream: Bitwise Lays Out The Path To $1 Million Per Coin
Despite Bitcoin (BTC) trading approximately 40% below its all-time highs and striving to maintain stability above the $70,000 mark, the long-term optimistic view on its value remains intact, particularly according to Matt Hougan, Chief Investment Officer at Bitwise Asset Management. In a recent report titled “How Bitcoin Gets to $1 Million,” Hougan argues that Bitcoin […]
Related News
Bitcoin hovered around $102,600 today after briefly touching $105,000. The dip didn’t shake everyone. Many still bet on a major rally. According to Bitwise CIO Matt Hougan in an interview yesterday, there’s a path for Bitcoin to hit $200,000 by December 31. He points to growing ETF inflows, more corporate buying, and what he sees as open‑door government policies. Related Reading: Dogecoin’s $1 Dream: Analyst Reveals When It Could Finally Happen Supply And Demand Gap Widens Supply is fixed at 21 million coins, with about 165,000 new Bitcoin mined each year. ETF funds, on the other hand,....
In the below infographic, the creators attempt to equate the value of Bitcoin to the value of other assets, resulting in a 1.4 million dollar bitcoin! In the last bracket, all the way at the bottom, you see they come up with 1.4 and 2.8 million dollar bitcoin prices, if bitcoins were these other assets, or based on them, it seems. This is insane, of course, but it makes one wonder what a true ceiling on bitcoin value would look like. The asset is fixed which means there will never be more than a certain amount. This should contribute to a higher value, but won't matter until interest is....
Earlier this week, Bitwise announced that it had gained the financial backing of a new list of investors — including KKR founder Henry Kravis and billionaire hedge fund manager Stan Druckenmiller. The round, which raised $70 million at a valuation just north of $500 million, featured investors including Electric Capital, Moore Strategic Ventures, Vetamer Capital, […]
Crypto asset management firm Bitwise announced the launch of the ‘Bitwise Crypto Industry Innovators ETF’, the first listed ETF in the US with ‘crypto’ in it’s name. Bitwise has over $1.5B in assets under management. The Bitwise ETF The Bitwise ETF will be listed on the New York Stock Exchange under the ticker BITQ. The […]
Bitwise has attracted significant investments from major American institutional investors to the tune of $70 million. Bitwise, a four-year-old crypto asset management firm, has closed a Series B funding round, raising $70 million in fresh capital from investors.According to a report by CNBC on Tuesday, major Wall Street figures such as billionaire investor and Bitcoin (BTC) proponent Stanley Druckenmiller and David McCormick, CEO of asset management giant Bridgewater Associates, participated in the funding.Commenting on the stellar cast of investors, CNBC quoted Bitwise CEO Hunter Horsley....