Bitwise CIO: Bitcoin Could Mirror Gold ETF Path, Market Cap Seen at $30 Trillion Within a Decade

Odaily News: Bitwise Chief Investment Officer Matt Hougan recently suggested in an interview that Bitcoin's market cap could climb to $30 trillion over the next decade, following a trajectory similar to the long-term expansion seen after the launch of gold ETFs.

He compared two points in time: when gold ETFs debuted in 2004, the gold market was worth about $2.5 trillion; when spot Bitcoin ETFs listed in 2024, Bitcoin's market cap was around $2 trillion. Hougan believes Bitcoin's long-term upside remains substantial, and the real risk lies not at the protocol level, nor in quantum computing, but in whether investors can endure multiple bull and bear cycles and keep holding.