Analysis: If an institution allocates 3% of bitcoin in its portfolio, its final price may exceed $700,000
2024-08-01 10:43:15
If the Financial Institution Group continues to support the bitcoin adoption curve, its price could end up above $700,000, said Willy Woo, a cryptocurrency analyst, in a post on X, "Bitcoin, even in the early stages of the asset class, Fidelity recommends allocating 1-3%, while we see BlackRock's figure as high as 85%. If we assume 3% is a reasonable allocation, then the lower bound for its valuation is $700,000."
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