Event JSON
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"It\u0026#8217;s \u0026#8220;Still Early\u0026#8221; Until Bitcoin Hits $500,000 \u0026#8211; Bitwise CIO Explains Why"
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"Hougan argues that despite Bitcoin's recent price surge, it's still in the historical price discovery phase and has a long way to go before reaching its ambitious price target of $500,000. He highlights the growing demand for store-of-value assets like Bitcoin and gold, as well as the increasing acceptance of Bitcoin as a store of value. However, he notes that a key piece is still missing - acceptance by central banks - which must be narrowed for Bitcoin to reach its target valuation."
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"content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgxm87efh934qwdkkngj6klr4k2de5wck92alcjl4x5edemg0c6a5gxlx94c\nhttps://bitcoinist.com/wp-content/uploads/2024/11/bitcoin_b1f295.jpg?fit=630%2C420\nAccording to Bitwise Chief Investment Officer (CIO) Matt Hougan, entering the Bitcoin (BTC) trade may not be too late. The executive recently said that until the flagship cryptocurrency hits $500,000, it’s “still early.” Potential Investors Should Not Be Discouraged By Bitcoin Price Action In a client memo shared yesterday, Bitwise’s CIO Hougan stated that while [\u0026#8230;]\nhttps://bitcoinist.com/its-still-early-until-bitcoin-hits-500000-bitwise-cio-explains-why/",
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