In an interview with Cointelegraph, Bitwise CIO Matt Hougan forecasts that Bitcoin could reach $1.3 million per coin by 2035. This projection is based on a thorough institutional report analyzing Bitcoin’s potential as a store of value and its competition with gold. Hougan identifies three key factors influencing Bitcoin's trajectory: rising government debt, a shift towards a favorable regulatory climate, and the introduction of Bitcoin exchange-traded funds (ETFs). He suggests that Bitcoin is transitioning from a fringe asset to a central component of diverse global portfolios. The discussion also examines whether Bitcoin can compete with gold as 'digital gold' and its capacity to capture a significant portion of the store-of-value market in the coming decade. Additionally, Hougan shares insights on the potential of Solana as it approaches year-end. The conversation highlights the evolving landscape of institutional crypto investment, revealing the underlying optimism driving Hougan's bullish outlook on Bitcoin.

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