Bitwise CIO Matt Hougan has projected that Bitcoin fund assets under management (AUM) could soar to $1 trillion, driven by robust institutional demand. This prediction comes as global Bitcoin AUM has already surpassed $200 billion, marking a fourfold increase in under two years. The forecast coincides with Bitcoin reaching a new all-time high of $125,388 on October 5, amid a market surge referred to as 'Uptober'. The significant price rally underscores the growing interest and investment in Bitcoin from institutional players.