Bitwise CIO Predicts BTC Can Reach $1M As Price Jumps Above $88k

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Bitwise CIO Predicts BTC Can Reach $1M As Price Jumps Above $88k - CoinGape

Quick Summary:

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, stated that this rally could be a precursor to Bitcoin reaching six-figure valuations and potentially even $1 million in the long run.

Bitcoin price has surged to a new all-time high of $88,000 on November 11, sparking discussions around the cryptocurrency’s future price potential.

The introduction of Bitcoin Exchange-Traded Funds (ETFs) has further fueled the rally, as institutional investors increasingly allocate capital to Bitcoin.