Matt Hougan, Chief Investment Officer at Bitwise Asset Management, has suggested that Bitcoin's price could soar to $1 million if it captures a significant portion of the market share from gold and US Treasury bonds. This projection, reported by PANews via CoinDesk, is not a precise forecast but rather an indication of Bitcoin's potential as a global monetary asset. Hougan emphasized that achieving this valuation would depend on long-term institutional adoption and the expansion of the store of value market. While some believe geopolitical tensions and a crisis in traditional safe assets could expedite Bitcoin's rise, most experts anticipate that reaching such a milestone would take a decade or more.