ANALYSIS: If Institutions Allocate 3% of Bitcoin in Portfolios, Its Final Price May Exceed $700,000
Cryptocurrency analyst Willy Woo posted on X that if financial institutions continue to support the Bitcoin adoption curve, its price could eventually reach over $700,000, “Bitcoin, even in the early stages of the asset class, has a recommended allocation of 1-3% by Fidelity, and we've seen numbers as high as 85% by BlackRock. If we assume that 3% is a reasonable allocation, then the lower end of its valuation is $700,000.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 10.3681 million SYRUP transferred from Syrup.fi, routed through intermediaries and flowed into Wintermute
Sahara AI: No unlocks or security incidents have occurred, investigation into abnormal market fluctuations is ongoing
CertiK: Approximately $127 million in confirmed losses from attacks, hacks, and scams in November
Trending news
MoreCrypto prices
More
