The Math Behind Bitcoin To $1 Million In 10 Years
Posted On March 11, 2026
Bitwise Chief Investment Officer Matt Hougan on Tuesday published a report showing Bitcoin (CRYPTO: BTC) could reach $1 million per coin if the store-of-value market grows to $121 trillion in 10 years and BTC captures 17% market share, up from 4% today.
The Store-of-Value Market Growth
The current store-of-value market stands at just under $38 trillion: $36 trillion for gold and $1.4 trillion for Bitcoin.
On this basis, Bitcoin currently represents just under 4% of the market.
The mistake most people make is assuming the store-of-value market is static, the report states.
Gold’s market cap was about $2.5 trillion when the first gold ETF launched in 2004. It has grown to almost $40 trillion, a compound annual growth rate of 13% per year.
If …
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