1853: “Bitcoin to $500,000 Is ‘EASY’ If Strategic BTC Reserve Happens”
Dec 19, 2024•37 min•Ep 1553•Transcript available on Metacast Episode description
Matt Hougan, Chief Investment Officer at Bitwise Asset Management forecast hinges on the potential establishment of a US Strategic Bitcoin Reserve (SBR). Addressing this, Hougan remarked, “If we do get a Bitcoin strategic reserve where the government is buying Bitcoin, as proposed in Senator Lummis’ bill for the government to purchase a million Bitcoin, $200,000 Bitcoin is going to be looking quaint. You’re going to be looking at three four $500,000 Bitcoin. It’s just too big a story because governments all around the world would have to do it.”
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