Despite recent price declines, Bitwise CIO Matt Hougan remains optimistic about Bitcoin's future. He forecasts that its valuation could reach up to $50 trillion in the long run. Hougan attributes the current dip in price to external economic concerns and macroeconomic factors like trade tariffs. He believes that investors are focusing on the wrong metrics and underestimating the likelihood of the US government expanding its Bitcoin holdings. Hougan suggests that if Bitcoin achieves geopolitical relevance, its valuation could climb to $10 trillion to $50 trillion. However, if it fails to achieve this status, its price may struggle to exceed $150,000. Hougan dismisses Bitcoin's short-term volatility and believes that the establishment of the US Strategic Bitcoin Reserve has already boosted its global relevance. He expects other countries to accumulate Bitcoin, further solidifying its potential value.



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