Bitcoin Price Could Hit $500k If Reserve Is Created, Bitwise CIO Says
- Bitcoin could soar to $500,000 if Trump creates a national reserve, Bitwise CIO Matt Hougan said.
- The US creating a national stockpile will influence other countries to follow suit, he predicted.
- He said he sees bitcoin climbing to $200,000 in the coming year as demand continues to rise.
The establishment of a bitcoin national reserve could vault the price of the cryptocurrency to as high as half a million dollars, the CIO of the largest crypto fund manager in the US predicted.
Matt Hougan, the chief investment officer of Bitwise Asset Management, said he saw bitcoin potentially reaching $500,000 if the US creates a national bitcoin reserve, implying 380% upside from the coin’s current price. Hougan told…
