The InvestAnswers host said that Coinbase’s partnership with BlackRock could boost Bitcoin’s market cap by at least $1 trillion. If BlackRock used my 21x multiplier to put 0.5% of its assets under management into Bitcoin, it would impact a market cap of $1.05 trillion, which would add about $75,000 to Bitcoin’s price, the InvestAnswers host said. It hits $98,000 and the ROI is 326% from today’s price.
This is very, very achievable… Now, if they allocate 1%, of course it will take time to get to that level, it will add about $2.1 trillion to the market cap and $150,000 to the price, which will increase the future price of Bitcoin At $173,000, that’s a 652% gain from here.
If they increase 5%, which is what Dan Tapiero said, I think that’s too aggressive. Maybe over time, maybe in the next three to five years, that’s possible. This would easily push the price of Bitcoin to $773,000 in the next three to five years.
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