2424: A $1.3 Million Bitcoin Target - The Math Institutions Are Using

Bitwise CIO Matt Hougan says a 1% Bitcoin allocation from institutions managing up to $200 trillion could help drive BTC toward $1.3 million by 2035. That represents a potential $2 trillion allocation competing for an asset permanently capped at 21 million coins.

Meanwhile, MARA sold 23,093 BTC during the first half of 2026 for roughly $1.6 billion, while Strategy sold another 1,690 BTC for roughly $109 million. We break down why those sales aren't necessarily the bearish signal they appear to be, Strategy's remaining 840,447 BTC reserve, Strive continuing to accumulate, and the institutional demand equation that could ultimately matter far more than today's selling headlines.

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