Matt Hougan, CIO of Bitwise Asset Management, predicts Bitcoin's market cap could grow from $2 trillion to $30 trillion, paralleling gold's rise after U.S. gold ETFs launched in 2004. The SEC approved spot Bitcoin ETFs in January 2024, enabling easier institutional investment through standard brokerage accounts, which may drive sustained buying and supply pressure. Hougan warns of risks like leverage but highlights strong institutional commitment and growing correlation between Bitcoin and gold, suggesting Bitcoin's increasing acceptance as a mainstream asset. Investors are advised to hold Bitcoin with a long-term horizon to potentially benefit from substantial gains.
As of Oct 11, 2026 10:21 WIB, Bitcoin trades on Pluang at Rp1.477.948.489 with a market cap of Rp29.845,29 trillion, showing a modest 0.25% increase over the past day. The platform data highlights strong buying interest with 72% of orders favoring purchases and a typical hold time of 111 days, indicating sustained investor confidence. This current market activity aligns with discussions about Bitcoin's growing institutional acceptance and potential for significant market cap expansion.
Bitcoin's recent price correction has highlighted a potential support level around $74,500, representing a roughly 7.34% drop from the recent high of $87,027 on October 5. This level is based on historical average drawdowns during previous bull cycle...
On October 11, XRP's coin-margin long positions increased significantly by 12 percentage points to 78.32%, while Ethereum's long positions declined in both coin-margin and USDT-margin markets. Bitcoin and Solana also saw notable increases in long pos...
Ripple CEO Brad Garlinghouse expressed strong confidence in XRP, highlighting its fast transaction times, low costs, and growing adoption by financial institutions. He owns a significant amount of XRP but did not disclose specifics, and also holds Et...
Bitcoin's price fell 7.59% from $87,000 to $80,393 between October 5-8 but has since rebounded to $82,800. Despite a generally bullish longer-term trend, market indicators like elevated stress levels and net Bitcoin inflows to exchanges suggest cauti...
Matt Hougan, CIO of Bitwise Asset Management, suggests Bitcoin could reach a $30 trillion market value by following a growth path similar to gold's expansion after its ETF launch. He highlights that institutional access via ETFs, which started in 202...
