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Why Reaching $1 Million is Possible for Bitcoin, Insights from a Bitwise Executive

2026/03/11 12:24 (Updated 2026/03/12 05:00)
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Written by K.Kobayashi
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Why Reaching $1 Million is Possible for Bitcoin, Insights from a Bitwise Executive

Bitcoin Price Analysis

Bitcoin Price Analysis

On the 10th, Matt Hogan, the Chief Investment Officer of cryptocurrency asset management firm Bitwise, released a regular memo discussing the potential for Bitcoin (BTC) to reach a price of $1 million (approximately 160 million yen).

Considering Bitcoin as a store of value and analyzing its growth potential based on the historical development of gold, Hogan suggests that while reaching $1 million is a high hurdle, it is indeed possible.

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