As geopolitical tensions flare in the Middle East, the financial world is reconsidering safe havens. Bitwise’s Matt Hougan suggests that recent instability involving Iran underscores Bitcoin’s immense potential to eventually eclipse gold as the dominant store of value.

Hougan forecasts a meteoric rise, noting that if Bitcoin secures merely 17% of the store-of-value market within the next decade, its price could skyrocket to $1 million. This valuation highlights a shifting paradigm where digital assets rival traditional bullion during crises.