🚨 Bitwise CIO Matt Hougan says geopolitical chaos could unlock Bitcoin’s biggest bull case yet. If $BTC evolves from “digital gold” into a global, apolitical currency, the upside expands dramatically — with a potential path to $1M+ this decade. Trigger points: • Nations bypassing traditional rails • Real-world payment use (e.g. oil/toll settlements) • Rising instability in global monetary systems Hougan calls it an “out-of-the-money call option” — low probability, massive payoff. If Bitcoin captures both store-of-value + currency roles, current price targets may be too conservative.