According to a popular crypto analyst, a partnership between two financial giants could trigger growth in Bitcoin value to about $773,000. Here is an analysis of how that could happen.
He believes that if BlackRock invests 0.5% of its assets into BTC and uses my multiplier of 21x, then it will increase the market cap by $1.05 trillion, which will mean that Bitcoin will gain $75,000 in value, taking it to $98,000. From today’s price, the ROI (return on investment) would be 326%. The possibility of achieving this goal is very, very real.
There has been a lot of talk about adding 5%, and that is what Dan Tapiero says, and he believes that is much too aggressive. There is a possibility, perhaps over a period of time, maybe within three or five years, that this might become a reality. It is very likely that Bitcoin’s price will reach $773,000 in the next three to five years pretty easily.
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