Bitwise CEO Hunter Horsley is collectively with new gas to the conversation with a headline-grabbing projection: a $50 trillion valuation for Bitcoin (BTC), if the main cryptocurrency steps completely into the role of a digital replacement to the U.S. buck.
The essence of Horsley’s message is that he sees Bitcoin no longer upright as digital gold — a comparability that caps its market doubtless round $23 trillion — nonetheless also as a contender against global instruments fancy the U.S. Treasuries and the buck itself, markets that mixed hover round $50 trillion.
That’s the scale Bitcoin might maybe maybe maybe be taking half in at, if the world continues to crawl toward digital label storage, the fund’s head thinks.
It’s no longer the first time Horsley has painted a bullish describe for Bitcoin’s future, and it fits neatly with Bitwise’s positioning. Below his leadership, the firm’s flagship Bitcoin ETF (BITB) holds over 39,000 BTC, within the intervening time valued at roughly $3.67 billion.
Bitcoin is an apolitical, digital financial asset.
The correct comparability might maybe maybe maybe be no longer upright Gold (~$23T) —
But also Treasuries and USD (~$50T).
When folk would if reality be told like to digitally store label, the latter is in total the way.
— Hunter Horsley (@HHorsley) April 26, 2025
The boldness, it looks, is now not any longer upright rhetorical — it’s on the stability sheet. What’s attractive is how this prediction syncs with most modern market habits. Bitcoin’s label action has been extra and further tied to actions in global M2 liquidity.
Patrons staring at for a typical Bitcoin boost cycle in line with halvings and hype obtained one thing extra advanced as an alternative: the cryptocurrency behaving fancy a macroeconomic asset, utilizing global money offer shifts.
If the cryptocurrency is starting up to crawl in tandem with global liquidity traits, it doesn’t upright voice a chronicle of crypto enthusiasm — it hints at Bitcoin’s unhurried absorption into the mainstream financial machine.
Whether or no longer or no longer the $50 trillion scenario materializes, one reveal is obvious — BTC is now not any longer upright competing with gold or chasing tech stock returns. It’s positioning itself at some level of the coronary heart of world finance. The genuine query now: What number of investors are ready to wager on that?
