LATEST: Bitwise CIO Matt Hougan told VirtualBacon that "it's reasonable to say" Bitcoin could grow to 25% of the gold market by 2035.

What happened

Bitwise's chief investment officer, Matt Hougan, told VirtualBacon that Bitcoin, a digital currency, could reasonably reach a value equal to 25% of the total gold market by the year 2035.

Confirmed

Global impact / market context

If Bitcoin captured a quarter of gold's market, it would mean a massive increase in its price. This would likely make the digital currency a more accepted mainstream investment, potentially drawing in more investors and affecting how people view traditional safe-haven assets.

Analyst inference

This prediction compares Bitcoin directly to gold, seeing them as competing choices for investors who want a store of value. A shift toward Bitcoin would mean money moving out of traditional gold investments and into the cryptocurrency market, changing the landscape for both assets.

Analyst inference

What to watch

1. Watch for official statements from Bitwise or Matt Hougan with specific details about how they calculated this 25% target, including the exact gold market value they used for the comparison. Confirmed
2. Investors could track whether Bitcoin's actual market value grows closer to 25% of gold's value over time, using this prediction as a benchmark to measure the cryptocurrency's progress. Proposed
3. Pay attention to whether other major financial institutions, which are large investment firms, release similar predictions, as this could signal a broader industry trend toward viewing Bitcoin as a mainstream investment. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com