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Bitcoin Could Hit $200K by Tapping Into Gold’s Market, Says Bitwise’s Hougan

  • Matt Hougan, Chief Investment Officer (CIO) at Bitwise, believes that Bitcoin could reach $200,000 by capturing a portion of the gold market.
  • Bitcoin has made significant progress and is held by major financial entities globally, indicating its resilience and potential for growth.
  • Hougan predicts that Bitcoin could surpass half of gold's market cap, leading to substantial price increases.
  • Even without market expansion, an increased share of the store-of-value market could propel Bitcoin to significant levels of growth.

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