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It’s “Still Early” Until Bitcoin Hits $500,000 – Bitwise CIO Explains Why

Bitcoinist LogoBitcoinist11h ago

It’s “Still Early” Until Bitcoin Hits $500,000 – Bitwise CIO Explains Why - Bitcoinist

Quick Summary:

According to Bitwise Chief Investment Officer (CIO) Matt Hougan, entering the Bitcoin (BTC) trade may not be too late.

The executive recently said that until the flagship cryptocurrency hits $500,000, it’s "still early.

Hougan noted that while governments currently hold close to 20% of gold reserves, the proportion of BTC held by governments is less than 2%.

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Article Details

Author / Journalist: Ash Tiwari

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 06:00:26 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 561 words

Reading Time: 4 minutes read

Sentences: 52 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23580446

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "It’s “Still Early” Until Bitcoin Hits $500,000 – Bitwise CIO Explains Why" was covered 11 hours ago by Bitcoinist, a news publisher based in Hungary.

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The outlet is headquartered in Hungary and publishes an average of 14 news stories per day.

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  • URL: https://beamstart.com/news/its-still-early-until-bitcoin-17315641742233

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