Analysis: If institutions allocate 3% of BTC in their investment portfolio, its final price may exceed $700,000.

2024-08-01 10:34:51

Odaily Planet Daily News Cryptocurrency analyst Willy Woo said in a post on X that if Financial Institutions continue to support the BTC adoption curve, assuming a 3% allocation of their investment portfolio to BTC, the price could eventually reach over $700,000. “Even in the early stages of asset allocation, Fidelity recommends allocating 1-3%, and we see BlackRock’s numbers as high as 85%. If we assume that 3% is a reasonable allocation, then the lower limit of the valuation is $700,000.”

BTC-2,67%

WOO-12,89%

X-1,73%

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