Matt Hougan: The potential of the bitcoin market surpasses that of gold

Bitwise CIO Matt Hougan stated that Bitcoin's potential market size exceeds $34 trillion, surpassing that of gold. Since the Iran conflict began, Bitcoin has risen by 12%, gold has fallen by 10%, and the S&P 500 index has dropped by 1%. Bitcoin currently accounts for less than 4% of the store of value market; if it reaches 17%, the price per coin will reach $1 million. (Bitcoin Archive)