Bitcoin's addressable market has the potential to exceed the approximately $34 trillion market of gold, according to Bitwise chief investment officer Matt Hougan. According to NS3.AI, Hougan suggested that if Bitcoin gains widespread use as both a currency and a store of value, it could surpass gold's market size. He highlighted Iran's proposed plan to charge a toll in cryptocurrency for passage through the Strait of Hormuz as an indication of Bitcoin's potential role as a currency.