Bitwise CIO: The "mature price level" for Bitcoin is $500,000

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that $500,000 is the "mature price level" for Bitcoin, and the market remains in its early stages before Bitcoin reaches the $500,000 level.

In a letter to investors, Matt Hougan pointed out that the crypto market may pull back—given the rapid and significant increase—but a $100,000 Bitcoin seems just around the corner.