Key Takeaways
- • Hedge fund manager Hugh Hendry says Bitcoin's value should exceed $1 million, according to a Pluang report dated November 2, 2026.
- • Hendry calls on the United States to move away from the dollar standard, pointing to the Trump administration's full endorsement of stablecoins.
- • Hendry argues Bitcoin requires official US government approval, a process he believes is currently underway, which he sees as a potential shift in how cryptocurrencies are integrated into the financial system.
- • On the same day, 20 of 50 major cryptocurrencies tradable on Pluang rose and 29 fell, with MANA up 2.09%, FTM down 2.05% and CRV down 1.64%.
Summary
Hedge fund manager Hugh Hendry has said Bitcoin's value should top $1 million and that the United States should move away from the dollar standard, according to a Pluang article published November 2, 2026. The article presents Hendry's views as his own forecast and policy argument rather than as an established market or regulatory outcome.
Hendry's case rests on the Trump administration's full endorsement of stablecoins. He argues that Bitcoin requires official US government approval and that such approval is currently underway, which he presents as a possible turning point in how cryptocurrencies are integrated into the financial system. The source does not detail the valuation methodology behind the $1 million figure, nor does it specify a timeline or any formal policy action.
Pluang's market snapshot as of 10:21 WIB on November 2, 2026, accompanies the commentary. Of 50 major cryptocurrencies tradable on the platform, 20 rose and 29 fell. Notable moves included MANA at Rp1.368 (+2.09%), FTM at Rp11.382 (-2.05%) and CRV at Rp5.089 (-1.64%). The snapshot reflects a mixed session across the broader altcoin market and does not link directly to Hendry's Bitcoin comments.
Hendry's case rests on the Trump administration's full endorsement of stablecoins. He argues that Bitcoin requires official US government approval and that such approval is currently underway, which he presents as a possible turning point in how cryptocurrencies are integrated into the financial system. The source does not detail the valuation methodology behind the $1 million figure, nor does it specify a timeline or any formal policy action.
Pluang's market snapshot as of 10:21 WIB on November 2, 2026, accompanies the commentary. Of 50 major cryptocurrencies tradable on the platform, 20 rose and 29 fell. Notable moves included MANA at Rp1.368 (+2.09%), FTM at Rp11.382 (-2.05%) and CRV at Rp5.089 (-1.64%). The snapshot reflects a mixed session across the broader altcoin market and does not link directly to Hendry's Bitcoin comments.
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