Bitcoin May Surpass Gold Market in Size, Analysts Predict

Bitcoin's potential market size is being reevaluated by industry experts, who argue that it may exceed the $30 trillion gold market. According to Bitwise's Matt Hougan, Bitcoin's 'addressable market' could be even larger than gold's near $40 trillion market cap.

Hougan notes that Bitcoin has performed well during geopolitical conflicts, such as the recent US-Iran standoff. He believes this trend will continue, driven by countries' reluctance to deal in dollars and their increasing reliance on apolitical alternatives like cryptocurrency.

As a result, Hougan predicts that Bitcoin's total addressable market is 'probably a lot bigger than the $38 trillion gold market alone.'