Iran Conflict Expands Bitcoin Market Potential Beyond Gold, Says Bitwise

Bitcoin’s long-term market potential may extend beyond gold’s estimated $34 trillion valuation if the digital asset evolves into both a store of value and a widely accepted currency. This view was highlighted by Bitwise Chief Investment Officer Matt Hougan, who noted that recent geopolitical tensions involving Iran have underscored Bitcoin’s growing role beyond its comparison to gold.

Hougan pointed to discussions around crypto based payments for maritime transit near the Strait of Hormuz as an example of how Bitcoin could function in real-world currency-like scenarios, especially when traditional financial systems face disruption.

Long-Term Bitcoin Price Outlook and Adoption Trends

Bitcoin is currently trading near $74,500 with a market capitalization of about $1.4 trillion, still far behind gold’s more than $33 trillion market value. However, projections suggest that if Bitcoin captures around 17% of the global store-of-value market within the next decade, its price could approach $1 million per coin.

Rising Global Usage Supports Expansion Narrative

Adoption continues to grow in high-inflation economies such as Argentina, Turkey and Venezuela, where citizens use Bitcoin to protect purchasing power. Corporate demand is also increasing, with private and public firms collectively holding more than 1.5 million BTC valued at over $116 billion. Additionally, around 11,000 merchants worldwide now accept Bitcoin as payment, reinforcing its evolving financial role.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.