Bitwise CIO Believes Bitcoin Can Mirror Gold’s Trajectory and Reach a $30 Trillion Market

Bitwise Chief Investment Officer Matt Hougan believes Bitcoin could mirror gold’s dramatic growth after its first ETF launch and reach a $30 trillion market value. Speaking in a recent interview , Hougan noted that gold was valued at only $2 trillion to $2.5 trillion when the first gold ETF debuted in 2004. That asset later expanded to around $30 trillion, largely through institutional adoption, well before recent concerns over government debt intensified interest in it. Bitcoin ETFs arrived when the cryptocurrency’s total market capitalization stood near $2 trillion.

Source: ZyCrypto