Bitwise Invest CEO: Bitcoin Undervalued and Poised for $1,000,000 Value

On February 17, 2025, Hunter Horsley, CEO of Bitwise Invest, expressed his optimism about Bitcoin’s potential, stating that its current value is underestimated and that it is close to achieving widespread adoption and a $1,000,000 value. Horsley outlined several key factors that will drive this growth, including increased investment in Bitcoin ETFs, more corporates and nation-states buying Bitcoin, and favorable crypto regulations.

2025: A Watershed Year for Bitcoin

According to Horsley, 2025 will be a pivotal year for Bitcoin, with several significant developments on the horizon. These include:

  • Increased investment in Bitcoin ETFs
  • More corporates and nation-states buying Bitcoin
  • Greater adoption of Bitcoin by US wealth management firms
  • Banks and financial institutions launching services to facilitate Bitcoin access
  • Regulatory frameworks becoming more favorable to crypto

These factors, combined with growing demand for Bitcoin in the current geopolitical environment and efforts by financial institutions to make Bitcoin more accessible, will contribute to its increased value and widespread adoption.

From Skepticism to Advocacy

Notable investors, such as BlackRock and Berkshire Hathaway, have shifted from being skeptical of Bitcoin to embracing it. This change in sentiment, combined with the growing demand for Bitcoin from various actors, has created a perfect storm for its growth.

New Trends and Opportunities

The current level of demand for Bitcoin, particularly from nation-states and corporations, is unprecedented. The proposed Bitcoin reserve bills in 18 US states, which could result in the purchase of nearly 250,000 BTC, are a prime example of this trend. Additionally, the use of Bitcoin as a means to circumvent Western sanctions and facilitate international trade, as seen in Russia, highlights the growing importance of crypto in the global economy.

Potential Pitfalls

Horsley also encouraged his followers to share their concerns about the potential obstacles that could prevent Bitcoin from reaching $1,000,000. Some of the concerns mentioned include:

  • The potential threat of quantum computers to the Bitcoin network
  • Scalability issues, which could be addressed through solutions like wrapped Bitcoin and Bitcoin ETFs
  • A lack of use cases and people’s reluctance to use Bitcoin as a currency
  • Alleged dropping levels of decentralization

Despite these concerns, many experts, including Brian Armstrong, Robert Kiyosaki, and Daniel Roberts, share Horsley’s optimism about Bitcoin’s potential for exponential growth.

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