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Investanswers Host: Blackrock Puts 5% Of Its Assets Under Management in Bitcoin, Bitcoin Price Will Rise to $773,000

By WebsCryptoAugust 9, 20221 Min Read
Investanswers Host: Blackrock Puts 5% Of Its Assets Under Management in Bitcoin, Bitcoin Price Will Rise to $773,000
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The InvestAnswers host said that Coinbase’s partnership with BlackRock could boost BTC -0.40%-news/">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.

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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.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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