Institutions Allocating 3% of Portfolio to Bitcoin Could Take It to $700k, Analyst Says
CryptoNewsTerminal Staff01 Aug, 2024
Institutions Allocating 3% of Portfolio to Bitcoin Could Take It to $700k, Analyst Says
Institutions Allocating 3% of Portfolio to #Bitcoin Could Take $BTC to $700k: Analyst According to Cointelegraph, on-chain analyst Willy Woo speculates that "Bitcoin could hit $700,000 if institutions follow through on recent Bitcoin adoption." Woo says, "Right now Fidelity is recommending 1% to 3% [of investment portfolios allocated to Bitcoin], but let's just say they do 3%, that would put Bitcoin at $700,000. That would mean Bitcoin adoption is above 16% on the S-curve."