Bitcoin could reach $1 million per coin if it captures a meaningful share of the global store-of-value market, according to a new memo from Matt Hougan, chief investment officer at Bitwise Asset Management. Summary Bitwise CIO Matt Hougan says Bitcoin could reach $1 million if it captures about 17% of the global store-of-value market. The analysis frames Bitcoin as a competitor to gold, which currently dominates the store-of-value sector. Increasing adoption through spot Bitcoin ETFs and institutional investment could help drive Bitcoin’s market share higher. Bitcoin’s path to $1M runs…
Tag: Million
Bitcoin Worth Nearly $12 Million Moved By Bhutan In Fresh On-Chain Activity
Proceeds from Bitcoin sales have paid for healthcare, environmental programs, and government worker salaries in Bhutan — a detail that puts the kingdom’s latest crypto move in sharper focus. Related Reading A Small Nation With A Big Bitcoin Strategy On Monday, blockchain analytics firm Arkham flagged a transfer of 175 Bitcoin, worth roughly $11.85 million, out of Bhutan’s main government wallet. The funds moved to an address created about a month ago, one that had already received 184 Bitcoin from state accounts. As of Tuesday, the coins had not moved…
Bitcoin ETFs Rebound With $167 Million Inflow While Ether, XRP See Outflows
Bitcoin ETFs opened the week with renewed momentum, pulling in $167 million in fresh capital. However, ether, XRP, and solana ETFs moved in the opposite direction, posting net outflows. Crypto Funds Start Week Mixed as Altcoin Funds Slide The week began with a familiar pattern in the crypto exchange-traded fund (ETF) market, with bitcoin attracting […] Original
Bitcoin Supply Hits 20 Million BTC After 6,267 Days, Final Coins Stretch Across 114 Years
More than 95% of bitcoin’s total supply has now been mined, leaving just 1 million coins to be produced over the next century as the network’s programmed scarcity tightens and issuance slows through future halving cycles. Bitcoin Supply Milestone Highlights Scarcity Built Into Protocol Bitcoin’s circulating supply has reached 20 million BTC, leaving 1 million […] Original
Bitcoin’s Fixed Supply Comes Into Focus as Network Passes 20 Million Coins Mined
Onchain data indicates that the Bitcoin network has now recorded the mining of its 20th million bitcoin, leaving fewer than one million coins still waiting to be brought into existence. Bitcoin’s Scarcity Deepens After 20 Million BTC Mined, 21M Cap Approaches Blockchain metrics show that 95.24% of Bitcoin’s total supply has already been mined into […] Original
ETF Weekly: Bitcoin ETFs Add $568 Million Despite Late Outflow Streak
Crypto exchange-traded funds (ETFs) delivered a mixed but largely positive performance during the week of March 2–6. Bitcoin, ether, and solana funds finished with net inflows, while XRP ETFs ended the week slightly in the red. Bitcoin, Ether ETFs Post Weekly Gains as XRP Slips Institutional capital flowed in waves across crypto ETFs this week. […] Original
Bitcoin quietly crosses 20 million mined as scarcity era begins
Bitcoin has passed 20 million mined coins, hardening its ultra‑scarce supply just as macro volatility, lost BTC, and a shift toward fee‑driven security reshape the network’s next century. Summary Over 20 million BTC are now mined, with fewer than 1 million left over the next century as halvings push issuance toward zero. Lost coins may cut effective circulating supply to roughly 15.8–17.5 million BTC, amplifying scarcity beyond the raw 21 million cap. Despite supply being on rails, BTC, ETH, SOL and XRP still trade like macro‑sensitive risk assets, moving with…
Crypto ETFs Stay Red: Bitcoin Loses $349 Million in Friday Pullback
Crypto exchange-traded funds (ETFs) ended the week under pressure as bitcoin funds recorded a second consecutive day of heavy outflows. Ether, XRP, and solana ETFs also posted losses, marking another broad selloff across the sector. Bitcoin, Ether ETFs Post Second Straight Day of Heavy Outflows The crypto ETF market closed the week on a cautious […] Original
Bitcoin ETF Rally Pauses as $228 Million Outflow Hits Market
After three days of strong inflows, crypto ETFs cooled off on Thursday, with bitcoin funds posting a $228 million outflow. Ether, XRP, and solana ETFs also ended the day in the red, signaling a broad market pause. Crypto ETFs Turn Red: Bitcoin Loses $228 Million, Ether Drops $91 Million Momentum in the crypto ETF market […] Original
Crypto ETFs Sustain Rally With $462 Million for Bitcoin and $169 Million for Ether
Crypto exchange-traded funds (ETFs) extended their momentum on Wednesday as bitcoin funds logged a third consecutive day of inflows. Ether, XRP, and solana ETFs also recorded gains, signaling broad institutional demand across major digital assets. Bitcoin ETFs Log Third Straight Inflow Day With $462 Million Surge Institutional appetite for crypto exposure strengthened again midweek as […] Original