{"id":79345,"date":"2026-10-10T23:17:15","date_gmt":"2026-10-10T23:17:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-could-reach-30-trillion-like-gold-bitwise-cio-says\/"},"modified":"2026-10-10T23:17:15","modified_gmt":"2026-10-10T23:17:15","slug":"bitcoin-could-reach-30-trillion-like-gold-bitwise-cio-says","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-could-reach-30-trillion-like-gold-bitwise-cio-says\/","title":{"rendered":"Bitcoin Could Reach $30 Trillion Like Gold, Bitwise CIO Says"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitwise\u2019s CIO sees substantial potential gains over a 10-year horizon.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Hougan compares bitcoin with gold\u2019s rise from roughly $2.5 trillion.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">He identifies investor behavior as bitcoin\u2019s biggest investment risk.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Gold\u2019s Rise Offers a $30 Trillion Bitcoin Comparison<\/h2>\n<p>Bitcoin could follow gold into a much larger market as institutional ownership expands, according to Matt Hougan, chief investment officer of Bitwise Asset Management. In an Oct. 9 post on X, he reinforced his <a href=\"https:\/\/x.com\/Matt_Hougan\/status\/2108620671479951829\" target=\"_blank\" rel=\"noopener noreferrer\">comparison between gold and bitcoin exchange-traded fund (ETF) launches<\/a> while sharing a video clip posted by media outlet Simply Bitcoin.<\/p>\n<p>The remarks contrasted gold\u2019s estimated $2 trillion to $2.5 trillion market capitalization when the first U.S. gold exchange-traded fund (ETF) launched in 2004 with its subsequent expansion to roughly $30 trillion. Hougan put bitcoin\u2019s market value at roughly $2 trillion when its ETFs launched in 2024, suggesting it could follow a similar growth trajectory. The Bitwise investment chief said:<\/p>\n<blockquote>\n<p>\u201cI think it could easily do what gold did, which is run up to $30 trillion, and that arrives at a pretty nice price target.\u201d<\/p>\n<\/blockquote>\n<p><\/p>\n<p>The comparison builds on Hougan\u2019s argument that <a href=\"https:\/\/news.bitcoin.com\/is-bitcoin-about-to-go-parabolic-bitwise-sees-etf-demand-draining-supply\/\">sustained ETF buying could tighten bitcoin\u2019s available supply<\/a> over time. Existing holders\u2019 sales initially absorb demand, he noted in January, but continued buying could exhaust willing sellers. Bitcoin was trading at $82,766 at the time of writing.<\/p>\n<h2>ETF Access Puts Bitcoin\u2019s Long-Term Growth in Focus<\/h2>\n<p>U.S. investors gained a new route to direct bitcoin price exposure after the Securities and Exchange Commission (SEC) <a href=\"https:\/\/www.sec.gov\/newsroom\/speeches-statements\/gensler-statement-spot-bitcoin-011023\" target=\"_blank\" rel=\"noopener noreferrer\">approved spot bitcoin investment products<\/a> on Jan. 10, 2024. The authorization allowed shares of products holding coins to trade on stock exchanges.<\/p>\n<p>The fund structure lets investors gain <a href=\"https:\/\/www.bitcoin.com\/get-started\/bitcoin\/buying-spending\/what-is-bitcoin-etf\/\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin exposure through regular brokerage accounts<\/a> without handling cryptocurrency wallets or private keys. Shareholders hold shares tracking the underlying asset.<\/p>\n<p>Hougan\u2019s earlier <a href=\"https:\/\/experts.bitwiseinvestments.com\/cio-memos\/how-bitcoin-gets-to-1-million\" target=\"_blank\" rel=\"noopener noreferrer\">scenario for bitcoin reaching $1 million per coin<\/a> used a different calculation. In a March 10 memo, he envisioned the combined gold-bitcoin store-of-value market reaching approximately $121 trillion within 10 years if historical growth continued. Bitcoin would need about 17% of that expanding pool to support the price.<\/p>\n<p>Bitwise has also pointed to <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/bitcoin-gold-correlation-six-year-high-bitwise-hougan\/\">bitcoin\u2019s stronger correlation with gold<\/a>. Bitwise data through Aug. 31 showed their rolling 90-day correlation above 0.5, its highest level since 2020, indicating a tendency for their price changes to move in the same direction.<\/p>\n<h2>Investor Behavior Could Derail the Decade-Long Outlook<\/h2>\n<p>Substantial long-term gains could still arrive through repeated rallies and declines, making investors\u2019 responses central to Hougan\u2019s outlook. In the video clip, he identified their ability to endure rising and falling markets as his biggest concern, placing it ahead of threats to bitcoin\u2019s operating rules or security from quantum computers.<\/p>\n<p>Excessive leverage and exhaustion from market swings have already hurt participants, Hougan observed. Leverage amplifies losses as well as gains and can force positions to close during declines before any subsequent recovery.<\/p>\n<p>That emphasis on patience aligns with findings from <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/institutions-see-bitcoin-gold-invest-like-tech-bitwise\/\">Bitwise\u2019s survey of 15 large institutions<\/a>. Published in September, the interviews revealed that none named price as a reason to exit crypto positions. Respondents nevertheless classified bitcoin differently, including as a store of value and a technology investment.<\/p>\n<p>Hougan also suggested keeping some capital invested with a 10-year horizon to see how the thesis develops. He characterized the potential gains as substantial and life-changing.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/15-institutions-spoke-to-bitwise-more-crypto-buyers-may-be-coming\/\"><img alt=\"15 Institutions Spoke to Bitwise: More Crypto Buyers May Be Coming\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/15-institutions-spoke-to-bitwise-more-crypto-buyers-may-be-coming\/\"><img alt=\"15 Institutions Spoke to Bitwise: More Crypto Buyers May Be Coming\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fbitwise-institutional-adoption-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Institutional crypto demand is developing beyond public disclosures, according to Bitwise&#8217;s interviews with 15 major institutions. Existing holders maintained their\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-could-reach-30-trillion-like-gold-bitwise-cio-says\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitwise\u2019s CIO sees substantial potential gains over a 10-year horizon. Hougan compares bitcoin with gold\u2019s rise from roughly $2.5 trillion. He identifies investor behavior as bitcoin\u2019s biggest investment risk. Gold\u2019s Rise Offers a $30 Trillion Bitcoin Comparison Bitcoin could follow gold into a much larger market [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":79346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79345"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79345"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79346"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}