Fund Manager Says Bitcoin Will Crush Gold, Hit $1 Million By 2029

Quick Summary:

Although Bitwise’s spot Bitcoin ETF launched alongside several other prominent players, Hougan said he sees the fierce competition as constructive for investors, because it has driven fees to "rock bottom.” He noted that his firm’s management fees are lower than those of many traditional commodity ETFs and concluded, "It’s an incredible deal for the investor.” Aside from these large-scale shifts in institutional finance, Hougan also drew attention to the rapid expansion of stablecoins.

Why Bitcoin Could Hit $1 Million By 2029 During the interview, Hougan pointed to the dramatic impact of spot Bitcoin exchange-traded funds (ETFs) as a primary factor behind institutional inflows.

Related Reading: Bitcoin Bull Run Isn’t Over: Cathie Wood Predicts $1.5 Million His firm’s private surveys, he said, reveal a striking gap between advisers’ personal enthusiasm for Bitcoin—where "over 50%” already hold it themselves—and the roughly 15–20% who can formally allocate it on behalf of client portfolios.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustriaUnited States

Topics: Btc price Bitcoin Bitcoin Bitcoin price Btc BTC news Bitcoin news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 13:00:42 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 843 words

Reading Time: 5 minutes read

Sentences: 77 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27216601

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions