What does Bitwise Matt Hougan mean by 17% of store of value?

He suggests Bitcoin could capture about 17% of assets people use to preserve wealth, such as gold and similar stores. If that happens, the implied network value could support a Bitcoin $1 million price. It is a long-term scenario, not a near-term forecast or guarantee.

How realistic is Bitcoin $1 million from today’s price?

From around $70,892, $1 million implies roughly a 14x gain. That would likely require multiple cycles, durable ETF and institutional demand, and friendly regulation. Treat it as an upper-scenario case. Base-case models in our data point to slower appreciation over 1 to 7 years.

What BTCUSD technical levels matter right now?

Immediate support sits near $70,236 and the Bollinger middle band around $68,346. Resistance is near $71,316 and the Bollinger upper band at $72,599. ATR near $3,582 signals wide daily swings, so plan entries and exits with volatility in mind and avoid oversized positions.

Does Anthony Scaramucci bitcoin advocacy change the outlook?

His advocacy raises awareness and may help institutional comfort, but it does not change the math. Prices still depend on liquidity, regulation, and adoption. Use his views as one input among many. Build a plan with position sizing, time horizon, and risk limits you can keep.

Global Market Insights

BTCUSD Today: March 14 – Bitwise Says $1M if Bitcoin Wins 17% Store-of-Value

ByHuzaifa Zahoor March 14, 2026

Anthony Scaramucci bitcoin chatter is back after Bitwise CIO Matt Hougan restated a bold case: Bitcoin could reach $1 million if it secures about 17% of the global store of value market. Today, BTCUSD trades near $70,891 with a $1.42 trillion market cap, as traders weigh liquidity from US spot ETFs and a tight supply near 19.97 million coins. We break down the thesis, today’s key levels, and what US investors should watch before taking risk.