Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains

strategic_reserves

The report highlights a sovereign fund shifting some exposure from gold to crypto and Bitwise CIO Matt Hougan’s bullish outlook for Bitcoin, including a scenario in which it reaches $1.3 million. The figure is a long-term projection, not a near-term forecast, and depends on major growth in Bitcoin’s adoption and share of the global store-of-value market. The reported allocation shift signals growing institutional interest, but does not establish a broader trend or guarantee price gains.

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https://news.google.com/rss/articles/CBMilwFBVV95cUxPZmo4cWcyZ0dKNm1rdWFPQjh2VWk0NlpaVlBzRnkwTzI2SmR2UlZLQ1NvUXh2ODVtVG5kbmNFYThNdUUxaXVaVTlWR2xvSC1oUUxjY1k4anJFSWhsdGhlM2RBblE0RGVZUnRwdm5GY1Q1Mi1qdFdlWHFIMFNyYl9McUttb1hTZTN2MGo0WXdHQkoxLTFaRkJ3?oc=5

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