✉news BusinessCrypto first seen 1 d ago, last 1 h ago, peak #1
Sovereign fund swaps gold for Bitcoin as bullish $1.3M forecast circulates
Original: Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains
Bitwise chief investment officer Matt Hougan is behind a bullish long-term outlook suggesting Bitcoin could reach $1.3 million per coin, drawing attention after a sovereign wealth fund reportedly sold part of its gold holdings to buy crypto. The move is being read as a sign that institutional and state-level investors increasingly view Bitcoin as a replacement for traditional safe-haven assets like gold, fueling debate about how far the shift could go.
Why now: A sovereign fund's reported shift from gold to Bitcoin, paired with an eye-catching $1.3 million price forecast, is fueling debate over institutional adoption of crypto.
Rank over time, top of the chart is #1. 8 snapshots from 11 h ago to 1 h ago.
Evidence
- Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains · Yahoo Finance
- Bitcoin to $1.3M? Sovereign Fund Sells Gold for Crypto as Matt Hougan Eyes Major Gains · CCN.com
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